Aldi to sink hundreds of million on mature east coast market
Aldi will open 25 new stores a year on the east coast and spend at least half-a-billion-dollars smartening up its aging fleet.
Aldi will open 25 new stores a year on the east coast and spend at least half-a-billion-dollars smartening up its aging fleet.
H&M; boss says the multinational isn't to blame for the demise of Australian labels as it sharpens its sustainability focus.
Supermarket giant's experiment with complicated financial product comes to an end.
A leaked internal Telstra document has revealed the telco giant is considering taking back control of some of its store network, potentially clashing with its major retail partner Vita Group.
Shoppers are resisting the urge to splash cash on new clothes, shoes and fashion accessories, driving a slump in Australia's retail turnover.
When singer Beyonce announced she was pregnant with twins, she posed in a veil with mismatched bra and underpants. That bra was made by upmarket British lingerie chain Agent Provocateur, which is soon to shut its doors in Australia.
"My vision is, how can I get people to start their shopping experience at Catch? If we can do that, then $1 billion is a drop in the ocean," online retailer says.
Solomon Lew's $101 million raid on Myer shares will not automatically deliver the billionaire rag-trader a seat on the department store's board.
Coles and Woolworths' sales will grow by as much as 5 per cent in the next five years as Australian households buy more supermarket food to cut household costs.
Thorn Group says a $50 million class action involving past lending practices of its subsidiary Radio Rentals could drag on for years.
If history is any guide, Solomon Lew's swoop on a significant stake in Myer is from a playbook he's used many times before.
Australia's tomato and capsicum supply could be under threat after Cyclone Debbie smashed the key production area around Bowen on the Queensland central coast.
Retail giant plans has yet to commit to bricks and mortar grocery stores.
Brad Banducci warns soaring electricity prices are a 'material issue' and will lead to higher prices on the shelves.
Solomon Lew's raid on Myer's shares this week will determine the future of the grand old dame of Australian department store retailing.
Oroton Group has scrapped its dividend after first-half profit slumped more than 50 per cent.
Billionaire retailer Solomon Lew has a plan for department store group Myer but it's one that is not likely to involve making a takeover bid anytime soon - he just needs a stake to ensure someone else can't buy the company.
Myer's shares have soared 18 per cent after a mystery buyer snapped up a significant stake in the company in a late spree.
Volatility at the petrol pump has emerged as a major area of concern for shopping centre managers, due to the wild fluctuations in price over recent months.
German discount supermarket to roll out new signs across the world for the first time in 20 years.
Pressure is mounting on Harvey Norman after it admitted its accounts were under investigation by the corporate watchdog.
Pumpkin Patch will be revived as a mostly online business after the owner e-commerce store CatchOfTheDay bought the collapsed children clothing retailer's brand and intellectual assets.
Wesfarmers must put Kmart up for sale to avoid the Target revival turning into a "zero sum game" for the conglomerate.
Major bank tips tough two years for Australia's retailers because wages aren't growing and international retailers keep setting up shop.
China has declared it wants to level the playing field for Australian and Chinese companies selling products online, on the eve of Chinese Premier Li Keqiang's arrival to Australia.
Billionaire retailer Gerry Harvey said his wife's decision to sell a parcel of her Harvey Norman shares last week was about covering a tax bill and had nothing to do with Monday's share price rout.
Kenya plans to ban them and Uruguay plans to tax them. But Australians receive free plastic shopping bags almost everywhere they shop. Now Aldi is calling for a ban.
Consumer confidence in both Australia and New Zealand "reasonably OK", says activewear chain.
Smiggle and Peter Alexander have defied the gloomy retail conditions to post strong sales, helping Premier Investment's profit inch higher.
The receivers of collapsed electronics chain Dick Smith have launched legal action against eight directors and executives.
The small business ombudsman says big businesses including Mars, Kellogg's and Fonterra have a gun to the head of small businesses with their loan schemes.
It is an unfortunate fact of life that too often business owners have a total aversion to paying income tax.
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