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No Christmas boost for Tassie retailers

Tasmanian Labor Third worst result in the country after Victoria and NSW Worst drop nationally for the December quarter Retail figures for December show Tasmanian businesses have missed out on the usual Christmas bounce. The pandemic is continuing to weigh heavily on confidence and unfortunately Tasmanian consumers – businesses and households – are clearly feeling the pinch. Shadow Labor Treasurer David O’Byrne said Tasmanians are feeling a deep sense of insecurity especially anticipating JobKeeper and JobSeeker coming to an end early this year. “For many businesses, households and individuals this means a lifeline that’s helped keep them afloat through 2020 is going to be cut,” Mr O’Byrne said.

Peloton plans to make tens of millions of bikes, treads in the US

Kimberly White/Getty Images for TechCrunch Peloton is getting ready to make tens of millions of stationary bikes in the US.  CEO John Foley said the company strives to be the global dominant fitness experience business. The company surpassed $1 billion in revenue for the first time in the second fiscal quarter of 2021. Peloton has plans to dominate the at-home fitness industry, according to CEO John Foley.  The executive said Peloton s planned acquisition of fitness manufacturer Precor will allow the firm to ramp up production across the US. As we invest in US manufacturing and getting ready to make millions, going to tens of millions, of treadmills and bikes in the US.we can have in-location manufacturing plants, Foley said during Peloton s Thursday earnings call, which he said will help avoid delivery delays related to port congestion and shipping.

Pacific Western selects Treasury Prime as banking-as-a-service provider

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Pacific Western selects Treasury Prime as banking-as-a-service provider 05 February 2021 Source: Treasury Prime Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Pacific Western Bank has chosen Treasury Prime as its technology provider to modernize its banking stack. Working with Treasury Prime, Pacific Western Bank will be able to offer API access to its banking systems as well as a digital platform for clients like fintech companies that want to embed banking services into their applications.

High attendance at malls could help spread COVID-19: expert

  WINNIPEG Capacity limits at malls are coming into question in Manitoba as the province slowly starts to reopen. When modified Code Red health orders came into effect Jan. 23, the province said retail stores were allowed to be open at 25 per cent capacity. While some businesses now require lineups with staff counting how many people are going into the store, it isn t entirely clear what capacity limits are for malls. Dr. Jazz Atwal, the acting deputy chief provincial public health officer, said on Tuesday that capacity limits for malls are 25 per cent. A spokesperson for the province said the government doesn t provide specifics to malls and retail stores to count people, given the vast array of differing infrastructure for each site, saying it is the business’s responsibility to follow the capacity limits.

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