Business

Amazon go

Amazon's physical grocery store has no checkouts

Amazon has revealed that it will open a brick-and-mortar grocery store called Amazon Go, an ambitious bid by the once online-only retailer to gobble up more of Americans' shopping dollars by taking the fight more directly to traditional supermarkets.

Retailers are feeling decidedly upbeat as they had into the critical Christmas holiday season.

Retailers expect bountiful Christmas, new year

The housing boom, a local currency that is just right, and strong employment figures have buoyed retailers this year, and now they are feeling more upbeat ahead of Christmas than they have in years.

"Continued earnings growth in the liquor and hardware pillars was more than offset by lower earnings in food and ...

Metcash says no news on Amazon

US retail giant Amazon has yet to contact Metcash about its mooted launch in Australia, as the wholesaler declares the past six months as the most competitive the country's $90 billion grocery sector has ever seen.

Supermarket players such as Aldi and Costco are feeding strong demand for industrial space in Sydney.

Aldi still undecided on tax transparency code

German discount supermarket Aldi is still making up its mind on whether to join a code has led to more big businesses, particularly multinationals, releasing information about the tax they pay.

Red Rooster is tipping at least 5 per cent growth in sales this financial year to $500 million.

Red Rooster eyes meaty float

Fast-food chain is tipping at least 5 per cent growth in sales this financial year to $500 million, thanks to home-deliveries and new flavours.

Simon Bosch

Star struck: how Caltex pumps profits out of servos

"These aren't fake, they are real bullets," the robber yells as he presses the loaded pistol into the forehead of a Caltex service station attendant. Sohaib Irshad, the attendant, can feel cold steel against his skin and is desperately trying to stay calm as the robber shouts and pounds on the counter demanding cash.

The loss of Big W's third boss in as many years last week took investors' focus away from Woolworths' core supermarket ...

Woolies chairman stays mum on Big W strategy

Woolworths chairman Gordon Cairns used the retailer's AGM to acknowledge the disappointing performance of the Big W chain, but wouldn't provide any detail on plans for its turnaround.

Shareholders are expected to grill Woolworths over the future of Big W at the annual meeting.

Woolworths to face grilling over Big W

Woolworths shareholders are expected to take advantage of the retail giant's annual meeting to grill the board and management over the future of its embattled discount department store chain Big W.

Down at heel, Payless Shoes in administration.

Payless shoes adds to pre-Christmas jobs rout

Close to 2000 retail workers are facing unemployment just one month out from Christmas after Payless Shoes went into administration on the same day receivers announced the shut down of Pumpkin Patch.

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