The Australian National Retailers Association has said the Reserve Bank of Australia’s decision to further cut the cash rate by 1% to 4.25% is completely justified after the latest retail figures show Australians continue to be cautious spenders. In October retail sales grew by only 0.2%.

LG Electronics Australia has released the first full touchscreen 8 megapixel multimedia phone in Australia, the LG KC910 named Renoir.

Nikon Australia officially introduced the D3X digital SLR camera, at the Museum of Sydney last night. An advance on the D3 model, the company said the development of the D3X was in response to a demand for a medium format comparable digital camera with ease of mobility and ergonomics.

For the first time since Harvey Norman Holdings began advising the share market weekly on its sales in late October, the company has posted a 0.5% increase in like for like written sales for the 28 days ended November 30, 2008 when compared to the same period last year.

Wesfarmers Ltd today announced that the company’s finance director Gene Tilbrook will retire in the first half of 2009. Tilbrook held the position of finance director since 2005, working in the company for a total of 23 years.