![Handbags galore at David Jones in Sydney.](/web/20161226084224im_/http://www.smh.com.au/content/dam/images/g/t/h/t/u/7/image.related.wideLandscape.460x259.gthxnr.png/1482733747901.jpg)
Retailers bank on Boxing Day boost
A softer than expected Christmas has left nervous retailers banking on the Boxing Day sales for a much-needed boost leading into 2017.
A softer than expected Christmas has left nervous retailers banking on the Boxing Day sales for a much-needed boost leading into 2017.
Hawksburn's popular retail strip is in a state of transition but the future is still bright, say locals.
Shoppers are expected to spend about $2.41 billion on Boxing Day, the biggest trading day of the year for big retailers such as Myer and David Jones.
Despite digging deep and splashing reported $620 million dollars on Christmas gifts, new research by Gumtree shows as many as seven in 10 Australians will be disappointed after tearing aside the wrapping paper this holiday season.
Australian toy creators are making child's play of the retail revolution led by the likes of US giant Amazon and proving innovation is a more powerful than price, a lesson many of Australia's best-known retail brands would do well to heed as we hurtle towards 2017.
Department store owner Myer has been slapped with a pre-Christmas court action by the billionaire property magnate John Gandel.
Shaver Shop has emerged as the latest dud float of 2016, warning investors earnings will fall short of the forecast included in its prospectus which was issued mid-year.
Retailers are being hit hard as consumers are choosing not to splurge this Christmas, opting instead to compare prices and shop online.
Former Billabong CEO Matthew Perrin is spending his first night behind bars after faking his ex-wife's signature to get a $13.5 million loan.
Powerful senator Nick Xenophon has predicted 2017 will be a "very unhappy year for the gambling industry".
Brace yourself for more retail collapses in the first three months of 2017.
The pressure is on Canberra retailers to make one-third of their year's profits over the Christmas season.
The competition watchdog will not appeal a Federal Court ruling that Woolworths did not act unconscionably when it demanded up to $60 million in cash from suppliers to plug a profit shortfall.
Coles, Woolworths, Target, Bunnings, Kmart, Myer, David Jones, JB Hi-Fi and now Big W are all run by men.
SurfStitch has alleged that its ex-CEO and would-be suitor conspired to inflate revenues and profits in the first half of 2016.
The shops will be chockers on Fridays as shoppers seek out everything from Harry Potter to fragrances and coffee machines.
Besieged infant formula business Bellamy's is facing two more potential class actions after ACA Lawyers and Slater & Gordon announced they were both investigating shareholder claims against the Launceston-based operation.
Former Billabong boss Matthew Perrin has admitted he regularly signed his wife's name on legal documents.
More than 700 workers will be out of a job in the new year after Payless Shoes' administrator says the shoe chain is shutting up shop.
The infant formula company faces a class action lawsuit being led by Maurice Blackburn, with two other firms also considering taking action.
Perron Group has bought a stake in Westfield Woden.
Organic infant formula producer Bellamy's Australia has asked the Australian Stock Exchange to suspend its shares immediately.
Woolworths has found new jobs for more than 1500 of its former Masters workers in Australia's biggest supermarket chain.
Temple & Webster is merging the Milan Direct collection into its own online store and shutting down the Melbourne office of the high profile brand.
The secretive German supermarket paid $71.56 million in tax in the 2014-15 financial year, in figures disclosed by the Australian Taxation Office.
Domino's stands to double its share of the $23b takeaway food market, but higher labour costs could crimp franchisee margins.
Adminstrators say prospective buyers are circling the collapsed specialist storage retailer.
China-focused baby formula company expected to deliver more bad news by Wednesday.
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.
"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.
"I haven't taken a penny from my parents."
Corporate jargon becomes more bizarre each year.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.