Business Retail News

Is the Fitbit trend over? Shares plunge 30%

29 mins ago

The wearable fitness device maker's revenue forecast for the key-Christmas shopping quarter fell well short of analysts' estimates, hurt by stiff competition from rival device makes.

Woolworths decided to defend itself in court.

Woolies or bullies – the court will decide

Woolworths have a history of very poor form when it comes to treatment of suppliers – both large and small.

Fair Work gives dodgy operators an edge

Here we go again. This time it is oil giant Caltex embroiled in allegations of worker exploitation happening across a national franchise network of more than 650 stores.

Harvey Norman chairman Gerry Harvey says the retailer has always abided by the accounting standards.

'Too much detail' in our company accounts, says Gerry Harvey

Billionaire retailer Gerry Harvey has defended how his sprawling retail empire reports its financial performance and shrugged off calls by a proxy adviser to draw back the veil on the complex relationship between Harvey Norman's head office and the franchised store network.

Woolworths says its demands for cash were ordinary practice in supermarket retailing.

Woolworths 'just greedy,' ACCC tells court

The ACCC has challenged Woolworths' claim that asking suppliers for money to prop up profits was "entirely reasonable".

Aldi is investing more than $1 billion to upgrade its mature store network on the east coast.

Aldi's billion-dollar fresh food push

The supermarket wars are set to heat up another notch as Aldi is embarking on a major store overhaul and investing in fresh produce as its grapples with slowing sales growth from its mature east coast store network.

Woolworths says its demands were ordinary practice in supermarket retail.

'Perfectly normal': Ex-Woolies exec defends 'gap' payments

Woolworths' former commercial director has disputed the ACCC's allegations that asking suppliers for large extra sums of cash to make up for lost profits was illegal, telling a Sydney court that the practice was "perfectly normal".

Woolworths demanded retrospective payments from "underperforming" suppliers in an attempt to fill a shortfall in its ...

'Slapdash, haphazard and unreasonable'

In a case that could have long-term ramifications for the supermarket sector, Woolworths is facing a showdown with the competition regulator.

2015 calendar-year accounts for McDonald's Australia Holdings, which covers the 13 per cent of stores that are company ...

McDonald's on track for $5b Aussie sales

Fast-food giant says store traffic, sales growing over past two years.

Sketchy Skechers figures challenge RCG

Hedge funds target Australia's largest footwear retailer after disappointing result from US brand Skechers.

Woolworths boss Brad Banducci: "There remains much more to do."

Woolworths: 'We're just a little bit better every week'

Retail giant Woolworths says $1 billion in price cuts has paid dividends, continues talks to sell its petrol business.

Richard Murray has taken on a group chief executive role now JB HiFi has acquired The Good Guys.

JB Hi-Fi enjoys Dick Smith bonus

JB Hi-Fi is riding high of a wave of former Dick Smith customers and optimistic it can transform this surge of shoppers into a Christmas bounty as it looks to integrate the Good Guys into its operation.

Blackmores doesn't expect to match last year's record full-year performance.

Blackmores shares slump as growth fades

Blackmores' shares have hit new lows below $100 as it warned its full-year result would fall short of last year's record.

A speculated 50 franchise agreements will be approached to have their franchise agreements terminated before their ...

7-Eleven, sex slaves targeted by migrant taskforce

Domestic slavery, sex slaves and scandal-ridden convenience store chain 7-Eleven are top of the agenda for a new powerful government-run migrant taskforce headed by Professor Allan Fels.

Wesfarmers said sales data pointed to a reduction in how much shoppers were spending on groceries.

Coles promises to keep cutting prices

Wesfarmers boss Richard Goyder has promised to keep cutting prices at Coles supermarkets to protect the chain's competitive advantage over resurgent rival Woolworths.

Pumpkin Patch has been forced to go into administration.

Pumpkin Patch appoints administrators

Children's clothing retailer Pumpkin Patch has been tipped into receivership by its lenders and has appointed voluntary administrators after failing to reinvent itself in the face of shrinking sales and too much debt.

Happy days: Premier Investments chair, Solly Lew (right) and chief executive Mark McInnes at a Peter Alexander store.

Rags and riches: Premier Investments CEO's pay soars

Solomon Lew-controlled rag trader Premier Investments could be tempting another strike from its shareholders.

Market share gains enjoyed by Coles in the past two years are "fading" as a result of slowing momentum, broker Citi warns.

Coles under pressure as sales disappoint

The supermarket giant has seen sales growth fall below 2 per cent after it slashed prices in its battle against a resurgent Woolworths.

Temple & Webster is bleeding as much as $800,000 a month.

Bleeding from the Temple: furniture retailer losing $800,000 a month

Newly appointed chief Mark Coulter considers how the homeware brand could translate into a physical store network in the future.

John Skippen steps down from Super Retail Group

The sport and leisure goods retailer said profit was in line with budget so far this financial year but group sales had been below expectations.

Coca-Cola Amatil sells soft drinks Coke, Lift and Fanta, as well as water, iced tea, juice, energy drinks and sports ...

Coca-Cola Amatil's plan lacks fizz

Coca-Cola Amatil's plans to launch a ginger-flavoured Coke, to cut at least another $100 million in costs and to review its investment in fruit and vegetable processor SPC Ardmona have failed to convince some analysts the soft drink giant has the right formula.

The big question for investors is whether Woolworths boss Brad Banducci's turnaround strategy is finally winning back ...