Summary Of Dick Smith's Cessation

This article dictates Dick Smith’s cessation. Dick Smith accused the Private Equity group Anchorage Capital of ‘destroying’ the business. They bought it off of Woolworths in 2012. Dick Smith is in deep dept with the banks and has claimed all limited creditors. Dick Smith’s slippery slope lead to cessation, induced by Ferrier Hodgson. Dick Smith has had to let off 3000 members of staff. The issue with Dick Smith is that they have officially shut down and put the entirety of their staff in unemployment. Ferrier Hodgson has listed the company on public float and has liquified.

The article highlights the changes in Mc Donald's kitchens. After the change in menu to include an all day Breakfast option, employees felt overwhelmed by the amount of mess in the kitchen and the equipment to make both lunch and breakfast meals took up too much room. A common issue in corporations of a size such as Mc Donald’s is managing their employees wants and needs, while still delivering quietly products to their customers. An employee describes it as "a chaotic mess during change over” and suggests not to buy meals for the breakfast menu later is the day as “later it gets the less likely the breakfast food will be fresh”.
This is the second incident where Telstra’s servers have been unavailable to their customers.
Earlier in the month Telstra faced the same issue, 500,000 pre-paid customers faced network issues. This is the second time this issue has come about. Consequently customers may now question the reliability of Telstra as this has happened twice in the same month. Telstra provides higher prices than it’s competitors in return for reliable and service in widespread areas. This recurring issue has damaged Telstra’s reputation in terms of reliability and has helped it competitors Optus and Vodafone to surpass them at the moment in terms of
reliability.

Customers of a small loan company called Nimble were refunded after they have been failing to meet regulations for up to 5 years. The total of payment refunded amount to 1.5 million dollars. An investigation conducted by the Australian Securities and Investments Commission evaluated that Nimble had not been properly assessing the financial circumstances of their clients. Nimble had been lending money to clients who had been frequently borrowing money form other lenders. This resulted in Nimble having to refund more than 7000 clients for failure to meet the responsible lending standards.

Aldi’s revenue is increasing rapidly. Aldi is generating more revenue by lower it’s prices. This is an example of the immense competition in the supermarket industry. Aldi is pushing out their competition by sacrificing market share for profit by lower their prices. Walmart is suffering by the day as Aldi is rapidly growing as a business. Across the store Aldi has reduced it’s prices by almost 20 percent compared to Walmart. Walmart seems as if its in decline as its growth as business is coming to a halt and its share price has dropped by 19 percent over the past year.