Business Retail News

Howards Storage World went into voluntary administration last week.

Howards Storage World goes into voluntary administration

Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.

Chairman Gordon Cairns and CEO Brad Banducci, of Woolworths.

Suppliers on edge after Woolworths' court win

"We think it would be pretty appalling if it were seen as a green light to do the same thing again," suppliers say after Woolworths wins court case.

More than 2 million parcels are expected to be delivered on Monday.

Australia Post braces for record delivery day

Australia Post is bracing for a record number of parcels to pass through its processing centres for delivery on Monday.

The hatchimal is able to "hatch" from its shell.

Why you're not likely to find a Hatchimal before Christmas

It's the "must have" toy that's causing tears, endless car trips, and parents to pay five times the retail price.

The social media giant Facebookrelies heavily on advertising on its platform to drive revenue.

The Facebook scam damaging Australian retail reputations

Australian businesses are struggling to get advertising platform Facebook to act on scams that use their company logos and branding and which lead to complaints from ripped-off consumers.

The fairytale ride ended last week after Bellamy's Australia announced a "business update" that wiped more than $500 ...

How life for milk's market darling turned sour

EXCLUSIVE

There have been few bigger darlings of the Australian sharemarket than Bellamy's.

Myer chief executive Richard Umbers. Myer said in a statement to the ASX that it "welcomed" the decision.

Case against Myer an 'abuse of process', court finds

Australia's largest department store wins continuous disclosure battle.

Aussie Farmers Direct CEO Keith Louie. AFD has less than 5 per cent market share.

Australia eyes home-delivery takeoff

Australians have been slow to embrace grocery home deliveries. But this could change as online retail giant Amazon readies to head Down Under.

Why would a company need higher standards unless its previous standards were too low?

Woolworths may have acted legally, that doesn't make it right

COMMENT

There's a big difference between something being legal and being morally right.

Woolworths chief legal officer Richard Dammery arriving at the Federal Court.

Federal Court clears Woolworths of 'unconscionable conduct'

The Federal Court has ruled Woolworths did not break the law by demanding retrospective payments from suppliers to bolster its profit result.

Jeff Kennett has slammed the government's performance over the question of a banking tribunal.

Jeff Kennett lashes federal government over banking tribunal

When Jeff Kennett presented Coles boss John Durkan with a demand for a compensation payment of more than $1 million for a mistreated supplier the reaction was telling.

It might be that outgoing Bunnings boss John Gilliam doesn't see a long-term future at Wesfarmers.

Bunnings boss quits for 'personal' reasons

Wesfarmers chief Richard Goyder has dismissed talk Bunnings boss John Gillam quit his post in protest over missing out on the top job.

At 50, Bunnings boss John Gillam is expected to pursue another big leadership role.

Bunnings' big boss bails, leaving investors nervous

ANALYSIS

To the extent that the soon-to-be-departing head of Bunnings John Gillam made a mistake, it was to turn down an approach to become chief executive at Woolworths.

CEDA predicts 40 per cent of all existing Australian jobs will disappear in the coming two decades.

Robo-retail: Amazon's move sounds warning on jobs

COMMENT

A store with no workers is a concern for us all.

Bunnings boss stepping down after 12 years

The long-serving chief of hardware behemouth Bunnings, John Gillam, is stepping aside after 12 years in the job.

The agreement includes admissions by 7-Eleven that a culture of underpayment and false records had become "normalised".

7-Eleven clamped by Fair Work Ombudsman in new 'landmark' deed

Scandal-plagued convenience store giant 7-Eleven has signed a "landmark agreement" with the wage regulator to stamp out wage fraud across its network of stores.

Former Quiksilver chairman and chief executive Harry Hodge has joined Surfstitch's board.

How the surf brands missed the wellness wave

Surfstitch founders Lex Pedersen and Justin Stone have quit the board of the troubled action sports group amid mounting criticism of a series of costly acquisitions.

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.

Bellamy's shares have opened more than 4 per cent lower on Monday.

Bellamy's slides again as analysts slash forecasts

As investors continue to flee Bellamy's, brokers are hurriedly re-rating the company.

Aldi aims to be 20 to 25 per cent cheaper on a basket of groceries than Woolworths and Coles.

'No history' of large supermarkets beating discounters on price

While discounters Aldi and Lidl raise prices for milk and bananas in the UK, a man who helped Aldi set up in Australia says the price gap has not "materially changed" on a basket of groceries.