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4 mentions found


☆ Kmart has all but disappeared from the US. But its Australian namesake is booming.
  + stars: | 2024-11-09 | by ( Nathan Rennolds | ) www.businessinsider.com   time to read: +7 min
AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.
Persons: —, Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia
☆ China Denies Australia’s Claim That Warship Used Sonar Against Divers
  + stars: | 2023-11-20 | by ( Chun Han Wong | ) www.wsj.com   time to read: 1 min
Chinese Defense Ministry spokesman Senior Col. Wu Qian said the Chinese side ‘didn’t engage in any activities that might affect the Australian diving operations.’ Photo: SHUBING WANG/REUTERSChina pushed back against Australia’s allegations that a Chinese warship used sonar pulses to target Australian navy divers and injure them. In remarks issued late Monday, a spokesman for China’s Defense Ministry said Australia’s account of the encounter last week between a Chinese destroyer and divers removing fishing nets from the propellers of an Australian navy frigate near Japan was “completely inconsistent with the facts.”
Persons: Wu Qian, SHUBING WANG, “, ” Organizations: Chinese Defense Ministry, ’, REUTERS, China’s Defense Ministry Locations: REUTERS China, Australian, Japan
☆ Defence contractors target Australia as it gears up to counter China
  + stars: | 2023-03-02 | by ( Jamie Freed | ) www.reuters.com   time to read: +4 min
The firms are pushing for billions of dollars' worth of purchases expected after Australia's long-awaited defence strategic review (DSR) is made public next month, setting out the force structure and equipment required over the next decade. The government's aim is to "speed up the acquisition cycle" and move as quickly as possible once the review is public, Defence Industry Minister Pat Conroy told reporters on Wednesday. Australia ranked 12th globally in military spending in 2021 at $31.8 billion, according to the Stockholm International Peace Research Institute. Lockheed was selected last year alongside Raytheon Technologies Corp (RTX.N) to accelerate the manufacture and delivery of guided weapons to Australia. In-country assembly, and eventually manufacturing, are a focus of the project that aims to build local stockpiles, said Ken Kota, vice president of Lockheed's Australian defence strategic capabilities office.
☆ Defense contractors target Australia as it gears up to counter China
  + stars: | 2023-03-02 | by ( ) www.cnbc.com   time to read: +1 min
As close U.S. ally Australia gears up to counter China's growing influence in the Indo-Pacific region, global defense contractors this week showed off advanced drones, long-range missiles and military communications satellites at its biggest air show. The firms are pushing for billions of dollars' worth of purchases expected after Australia's long-awaited defense strategic review, or DSR, is made public next month, setting out the force structure and equipment required over the next decade. Malcolm Davis, senior analyst in defense strategy and capability at the Australian Strategic Policy Institute, said securing long-range strike weapons in three to five years should be the priority given China's growing threat to Taiwan and the high likelihood of Australia joining the U.S. in a fight. "When the DSR comes out there will be diplomatic language that doesn't necessarily squarely target China by name, but I think everyone gets the reality this has been driven by China, its rapid growth and its military capabilities," he said on the sidelines of the Australian International Airshow near Melbourne. Like other countries, Australia is also focusing increasingly on securing more local production and supply stocks after observing the depletions caused by the war in Ukraine.
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