THE NEWS WRAP: Telstra looks to win back customers

An executive at retail giant Costco has accused Woolworths and Coles of attempting to slow its expansion in Australia.

Richard Galanti, the company’s CEO, claims that Woolworths and Coles have fought new developments at every opportunity. However, Galanti is confident that Costco will succeed in its drive to open 10 stores across the country.

Telstra looks to win back customers

Telstra has looked to win back customers, including many disenfranchised small businesses, by announcing price cuts for its mobile phone and broadband packages.

The telco, which recently announced a new strategy in an attempt to shed its lamentable image for customer service, also said that the value of its packaged bundles will increase in an attempt to appease customers.

Australia’s leading directors $73 million richer after selling a raft of shares

Some of Australia’s leading directors are $73 million richer in cash after selling a raft of shares. According to The Australian, at least 15 company directors amassed the fortune after taking advantage of a post-results trading window.

Zumba grabs “alarming” slice of Australia’s $430 million fitness industry

A craze for Latin-inspired dance workout Zumba is grabbing an “alarming” slice of Australia’s $430 million fitness industry, according to the Australian Financial Review. Zumba classes have spread across Australia, with 3,000 instructors now employed by gyms to put the public through their steps.