Business Retail News

Don Meij, chief executive of Domino's Pizza.

Domino's franchisees complain they are being stung twice

Domino's Pizza franchisees say a new campaign promoting a no-questions-asked guarantee has led to a spike in unfounded complaints.

The Topshop store on Chapel Street, South Yarra, which is due to close.

Topshop closes stores in fight to save local arm

The administrators for the failed Topshop franchise in Australia are closing five of its nine stand-alone stores in a bid to save the local arm of the UK fast-fashion retailer.

'Disappointed, annoyed customers' - Domino's dangerous tactic

Under-pressure pizza chain Domino's risks a consumer backlash as it cuts costs by trialling smaller pizzas and swapping Coke for Pepsi.

Coca-Cola Amatil has suffered some nasty blows this week.

Coca-Cola savaged after supermarket snub

Investors have hammered Coca-Cola Amatil on Friday after a double-shot of bad news on Thursday.

Fast-food companies may be among the winners in selfdriving cars, analysts say.

Punt on chicken wings if you believe in driverless cars

When analysts at Morgan Stanley were trying to handicap the driverless car race, their thoughts kept turning to chicken wings. And the Disney film "Frozen." And beer. All the things you can do when you're not spending your time locked behind the steering wheel anymore.

Second setback for Coca-Cola Amatil as pizza chain chooses Pepsi

Coca-Cola Amatil has suffered another setback after losing a contract to major rival Pepsi/Schweppes to stock soft drinks and bottled water at hundreds of fast-food shops across the nation.

Domino's increased its interim dividend to 48.4¢ a share to 34.7¢, payout ratio of 70 per cent.

Will Domino's shrink its pizzas to save costs?

Australia's largest pizza chain could be about to shrink the size of some of its pizzas, seeking to offset the costs of higher weekend penalty rates.

Woolies says no to Coke's new sugar-free drink

Woolworths has announced it won't be stocking Coca-Cola's new product, Coca-Cola No Sugar.

Redundant? Outdated in the online world? Ask any traveller who's tried to book a multi-stop trip on the internet.

Short sellers burnt as Flight Centre defies naysayers

Investors betting against Australia's most shortest stock and claiming its business model is outdated have lost money yet again as the travel group's shares soared this week following a profit upgrade. It's not the first time.

Flight Centre has reported a strong June half, boosting its earnings.

Flight Centre soars on raised profit outlook

Shares of Flight Centre have jumped in early trading after the company raised its full-year earnings forecast following stronger-than-expected sales and profit in the second half.

Did you pack too much? Your suitcase knows

Your suitcase has taken on a life of its own. It can now tell you if it has strayed too far, or if you've packed too much, and it may soon be able to call you an Uber car.

Retail sales were better than expected in May.

Surprise retail sales figures light fire under consumer stocks

A surprise jump in retail sales statistics lit a fire under Australia's beleaguered discretionary retail stocks on Tuesday, making them some of the best performing on the ASX.

Mall owners are under fire over their treatment of tenants.

Shopping centres warned on cannibalisation

Franchise Council of Australia's Bruce Billson says he "loves" franchising despite recent wage underpayment scandals.

After years of Coles dominance, Woolworths is on the way up.

Woolies resurgence gains steam, Coles has work to do: UBS

Coles will need to splash cash on everything from labour to marketing and store presentation to regain its mojo, UBS says.

New Australian Food and Grocery Council Chief Executive Tanya Barden

Surging energy prices threaten Australia's food makers

Australia's $126 billion food and grocery sector, under pressure from rising energy costs and keen to reduce its reliance on supermarket giants Woolworths and Coles, is exporting more to the US and China.

Dick Smith was listed on the sharemarket by Anchorage Capital in late 2013 and collapsed in January 2016.

Private equity hungry for retail but investors lose appetite

Private equity has boosted its investment in Australian retail to more than $6 billion but investors are struggling to move on from the collapse of Dick Smith and underperformance of Myer.

Amazon's investment in Whole Foods made it clear it was serious about groceries.

Don't believe the Amazon hype: Merrill Lynch

Lagging infrastructure, sparse population and well-developed online shopping habits be roadblocks for Amazon.

Retailers bruised by end of financial year selling

Underperforming retailers are facing an additional hit as investors sell off dud performers to improve their position as the 2017 financial year draws to a close.

Havaianas to change hands amid bribery scandal

The maker of Havaianas, the colourful Brazilian flip-flops donned by celebrities, is poised to pass from one of Brazil's most-powerful families to another thanks to the country's latest political turmoil.

The company, which supplies groceries to IGA supermarkets, reported net profit of $171.9 million for the year ending ...

Amazon, online threat overblown: Metcash boss

The threat of Amazon disrupting Australia's grocery market is overblown and independent supermarkets are better off focusing on their local customers, Metcash's outgoing boss says.

'Intense competition': Metcash full-year net profit slides

Metcash said strong competition in the groceries sector would keep sales under pressure as it reported a 26 per cent slide in full-year net profit.

Amazon's proposed purchase of Whole Foods is its biggest ever, demonstrating it's serious about grocery.

Amazon building own grocery chain 'unlikely'

Retail experts say Amazon's $18 billion bid for upmarket grocer Whole Foods won't deeply affect Australian expansion.

Kaufland is believed to need at least 15 to 20 stores to make its Australian investment viable .

Kaufland inks Australian deals

German discount department store Kaufland has demonstrated its commitment to expanding in Australia by inking deals to buy land.

'End of an era': Green with Envy is no more

The self-proclaimed "Australian destination for fashion" to shut its doors after almost two decades in business.

The Red Rooster listing has failed to take off.

Red Rooster float fails to fly

Plans to float the company behind Red Rooster on the stock market have turned out to be a turkey.

A New Zealand Army soldier prepares to take aim during a training exercise in
Townsville in 2014.

Wesfarmers left with $2.5m bill for Kiwi soldiers' leaking raincoats

The New Zealand Defence Force complained that the jackets were "leaking" and that defence personnel wearing them were getting wet.

Aldi is moving into mixed-use development to secure sites across Melbourne and Sydney.

Aldi amasses $2 billion property portfolio in expansion push

German discount supermarket Aldi has amassed a property portfolio worth close to $2 billion in Australia, providing it with security of tenure and significant capital gains.

Domino's may have to share more profit with franchisees, which would hurt its returns.

'Hold the anchovies!' Domino's may be $800m overvalued

Domino's Pizza is more than $800 million overvalued and will not meet its ambitious growth targets because it needs to share more profit with store owners, investment bank Citi says.

Retail Food Group cut its profit forecast by $3.3 million.

Retail Food Group shares dumped after profit warning

The owner of chains including Michel's Patisserie, Gloria Jean's Coffees, Donut King and Brumby's Bakery has cut its profit forecast for 2017 by $3.3 million after running into trouble internationally..

A successful Boxing Day requires good planning, and comfortable shoes.

Amazon is taking on bricks-and-mortar's last advantage

For many people, buying clothing online is not worth the hassle of getting a pair of pants or a shirt that does not fit. That is about to change if Amazon gets its way.