Business Retail News

Myer was hit with a second class action on Friday morning.

Myer hit with another class action

Department store owner Myer Holdings has been hit with another class action from an aggrieved shareholder just weeks after a court found a separate class action against it was an abuse of the legal process.

Patent filings for Amazon's flying warehouse

Amazon files patent for flying warehouse

Amazon is exploring the use of giant airships to serve as mobile, flying warehouses that could help the online retail giant deliver more of its goods by drone.

Smiggle is one of Just Group's key retail brands.

Solomon Lew's Just Group loses appeal to stop former CFO joining Cotton On

Billionaire rag trader Solomon Lew's Just Group has lost its appeal against stopping the company's former chief financial officer Nicole Peck from joining rival Cotton On.

Handbags galore at David Jones in Sydney.

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 sign in the window of S.Wallis advising customers of its closing down sale.

Empty nest? Change in the air for Hawksburn Village

Hawksburn's popular retail strip is in a state of transition but the future is still bright, say locals.

Crowds race inside the David Jones city store in the early hours of the morning on Boxing Day, 2015.

NSW expected to be biggest spenders at Boxing Day sales

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.

Many unwanted Christmas gifts are passed on to a new recipient.

Unwanted gifts to pile up this Christmas

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.

Retail revolution: How a superhero toy could save Australian retail

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.

BusinessDay's summer quiz - part three: Retail and Consumer Affairs

Have you been paying attention to what has been happening in the world of business and economics this year? Our summer quiz will test if you were.

Chadstone mogul John Gandel sues Myer ahead of Christmas

Department store owner Myer has been slapped with a pre-Christmas court action by the billionaire property magnate John Gandel.

Shaver Shop chief executive Cameron Fox.

Shaver Shop the lastest IPO dud with Christmas Eve profit warning

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.

Shoppers are spending less than usual over Christmas, and retailers are suffering because of it.

Bah humbug: Retailers hurting at Christmas

Retailers are being hit hard as consumers are choosing not to splurge this Christmas, opting instead to compare prices and shop online.

Former Billabong chief executive Matthew Perrin arrives at court with his new partner, Belinda Otten, left, and his daughter.

Former Billabong boss guilty of fraud

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.

Australians lose more than $11.4 billion a year on the pokies.

Xenophon wants Woolworths, pokie machine makers to front senate inquiry

Powerful senator Nick Xenophon has predicted 2017 will be a "very unhappy year for the gambling industry".

Woolworths' hardware store Masters is among the big retail collapses this year.

More retail collapses tipped

Brace yourself for more retail collapses in the first three months of 2017.

Impact Comics owner Mal Briggs inside the store in Garema Place.

Canberra retailers expect Christmas boost

The pressure is on Canberra retailers to make one-third of their year's profits over the Christmas season.

Woolworths has won its case against the competition watchdog. Pictured: Chairman Gordon Cairns and CEO Brad Banducci.

ACCC walks away from Woolworths cash-demand case

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.