Myer cuts profit forecast after Topshop disaster

Myer's full-year profit looks set to be largely wiped out after the retailer wrote off its stake in struggling Topshop and continued to suffer from weak trading conditions.

Is Myer's turnaround strategy coming apart at the seams?

• COMMENT

Regardless of the series of body blows that Myer announced on Thursday, chief executive Richard Umbers is sticking to the transformation plan.

Battle over a $66 sports bra goes to court

Lululemon Athletica is suing Under Armour for allegedly copying a sports bra design.

Crunch time: DJs looks to food future after sales dip

• ANALYSIS

It's crunch time for David Jones.

DJs blames weak consumer confidence for sales fall

David Jones' full-year sales have dropped for the first time under South African owner Woolworths Holdings amid weak consumer confidence.

Topshop 'disappears' from Myer stores

Stock removed from 17 stores while negotiations continue to save brand.

Coles deepens price war after slicing bread prices

Coles and Woolworths have launched a bare-knuckle brawl for shoppers' bread bins.

Adairs beds down issues and sends shares soaring

Shares in Adairs have soared to a five month high after the manchester and homewares retailer's sales rebounded to hit the top end of its forecast.

Domino's is not a good advertisement for sector

• COMMENT

Australia's $170 billion franchise sector is on notice after a class action was announced in Canada

Maccas turning its back on shopping centres

Australia's best known fast food chain is believed to be going cold on shopping centres.

Former Tesco exec to be next Metcash CEO

Food and grocery wholesaler Metcash has appointed former British supermarket giant Tesco executive Jeff Adams as its next chief executive.

Market dominator Bunnings leaves investors puzzling

• ANALYSIS

Australia's dominant hardware chain is expected to take advantage of the demise of rival Masters.

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.

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 savaged after supermarket snub

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

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.

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.

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 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.

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.

Shopping centres warned on cannibalisation

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

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.

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.

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.

Don't believe the Amazon hype: Merrill Lynch

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