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Consumer caution growing, says The Reject Shop

Consumer caution growing, says The Reject Shop Share Consumers have started to become more cautious about discretionary spending as the JobKeeper cliff approaches, says Andre Reich, chief executive of discount retailer The Reject Shop. โ€œIt feels like customers are already becoming more prudent in terms of their spending โ€“ weโ€™ve definitely seen that change in the last month,โ€ Mr Reich told The Australian Financial Review. โ€œEveryone is aware something will happen when JobKeeper comes o...
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Source: afr.com

Billionaires receive tens of millions in dividends from companies on jobkeeper

Last modified on Tue 16 Feb 2021 11.31 EST At least 11 billionaires last year received dividends totalling tens of millions of dollars from companies that received jobkeeper subsidies designed to keep workers employed, new research shows. The research, commissioned by the opposition frontbencher Andrew Leigh, shows that retail moguls Solomon Lew and Gerry Harvey were among those receiving the payments. Leigh said the payments came against a backdrop of the rich doing extremely well during the p...
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