AGP Executive Report
Last update: 2 hours agoRetail shake-ups: David Jones is reviewing its Australian store portfolio amid reports of unpaid suppliers and departing luxury brands. Fantastic Furniture is closing its last Australian factory and shifting production to China and Vietnam, affecting about 100 workers. Shoppers under pressure: Coles shares plunged after it forecast flat first-half supermarket earnings, citing discounting, stretched household budgets and higher fuel costs. Hershey warned rising living costs could curb Halloween spending. Expansion and delivery: Coupang plans a $31 million AI-enabled logistics hub in Busan, expected to create about 670 jobs. IKEA is set to open its second Bengaluru store in a smaller format. Market pulse: South Korea’s retail sales rose 3.6% in September from the previous month, alongside gains in industrial output and investment.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.