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SurfStitch shares dive as it warns losses to deepen
SurfStitch will run at least $5 million further into the red this year and will close its North American operations, the troubled fashion retailer has said.
SurfStitch will run at least $5 million further into the red this year and will close its North American operations, the troubled fashion retailer has said.
One of the world's biggest retailers continues to register trademarks in Australia, despite insisting it has no plans to set up here.
"If I had the money I would buy one," local man Dave says while taking his dog for its daily walk past the store.
The fizzy fermented drink loved by sugar-free devotees is on the radar of soft drink giants Coca-Cola Amatil and PepsiCo.
The number of shoppers at shopping centres, high street and discount shopping centres has fallen 4.4 per cent this year, compared with 2016, according to figures tracking people entering and exiting stores.
The imminent arrival of Amazon has skewered Wesfarmers' ability to do what it does best – horse trading assets.
Wesfarmers must balance its ambitions to reap $1.5 billion from the sale of the Officeworks chain with the reality.
Luxury handbag and fashion retailer Oroton Group has warned it expects its full-year earnings will slump by more than 75 per cent, sending the company's share price plunging.
Duluxgroup says it isn't worried that a slowing housing market could hurt its business, because most new homes are painted with cheaper paint made by competitors.
Wesfarmers has shelved plans to spin off its stationery and office supplies chain Officeworks into a separately listed company.
Coca-Cola Amatil is looking to healthier beverages to bolster its sales and make up for declining sales of its sugary soft drinks.
Myer signs Australian label We Are Kindred a week after two labels jump ship to David Jones.
Harvey Norman has sought to improve investor confidence by releasing figures showing sales have grown despite signs of subdued spending and moderating house price growth.
Consumer confidence has tumbled following the federal budget to its lowest level in nearly two years.
Mainstream retailers are catching up to the Paris end of Collins Street by employing new tactics to attract Chinese shoppers.
An Australian gelato company has suspended a member of its social media team and publicly apologised for posting what it says was a "careless and insensitive caption" about ''blackface'' over the weekend.
Oroton has entered a trading halt as it prepares to reveal that sales have continued to deteriorate.
Troubled discount department store urged to look to Zara and Ikea for inspiration on how to generate excitement about its products.
The court battle between petrol giant and Australia's No. 2 airline is set down for September, many months after BP wanted their agreement killed.
There's no shopper strike and investors need to stop jumping at shadows, retailers say.
The arrival of Amazon will be an existential moment for some retailers and it will almost certainly trigger of wave of industry rationalisation.
Several publications credited Catherine Hettinger as the inventor of the fidget spinner. Only she isn’t.
Myer boss hit backs at claims that Amazon will devastate its business, saying it was not clear what the online retail juggernaut would offer in Australia.
Consumers are increasingly shopping online, spending more time on mobile apps, and getting groceries delivered to their homes. And that's hitting Coca-Cola in ways you might not expect.
Australian retailers will cut the price of electronic goods by about 10 per cent to remain competitive, market analysts say.
Myer says the challenging retail environment, Cyclone Debbie and offering fewer discounts all crunched its sales last quarter, with revenue across the department store falling by more than $20 million.
Crazy Clark's creditors will receive a little more than originally expected
There is no sign of respite for the nation's struggling retailers, particularly department stores, as shoppers refuse to spend in the face on an uncertain economy.
Australia's appetite for online shopping is surging - despite a lower Australian dollar - as growth in overseas sales drives the online retail market.
Domino's Pizza has been hit with a landmark fine for failing to comply with the rules governing franchise chains.
The private Munro family are shoe royalty in Australia.
Data from the competition watchdog's Scamwatch shows small businesses are frequently the victims.
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