Myer to claw back sales from its 'sexy cannibals'

Myer will try to claw back sales and floor space from the high-end concession stores that have colonised its stores.

Is New Myer just the old Myer with lip gloss?

• COMMENT

Only two years into the making of New Myer, its architect Richard Umbers is in strategy redesign - or as he would characterise it , refinement - as the business has fallen behind on its ambitious targets.

More stores to close as Myer profit tumbles 80%

• UPDATED

Myer says it will close more stores in what it expects to be another difficult year after its bottomline profit tumbled 80 per cent due to writedowns on the value of some of its fashion brands.

Local retailers don't trust Amazon, says eBay's new local boss

Australian retailers considering selling goods through Amazon do not trust the American ecommerce giant, and fear it might use their own sales data to undermine them, according to eBay' new local boss.

Why iPhones are cheaper in Asia than in Australia

Aussies hoping to buy the new iPhone are likely to be forking out more than most countries in Asia.

Amazon won't be the only Christmas Grinch

• COMMENT

The antidote to the current weakness in retail spending is an end to our sluggish wage growth.

Happy hour at bottle shops, as shoppers buy booze and little else

Slinging booze has emerged as one of the few bright spots in Australia's otherwise struggling retail landscape.

Amazon could launch in Australia in 'next 60 days'

US retail giant Amazon could launch in Australia within the next 60 days if feedback from suppliers proves correct, according to Citi analysts.

Coles hops into half hour delivery with Deliveroo

Coles has added another twist to its experiments with online delivery, teaming up with the bicycle-based service Deliveroo to offer a 30-minute home deliveries on groceries.

Aldi's fresh food is grocery 'game changer'

Aldi's billion-dollar fresh food facelift for its supermarkets is giving it more pricing firepower.

Not so awesome: Lego cuts 1400 jobs as profit dips

Lego had enlisted the help of Batman, Darth Vader and Harry Potter. Unfortunately, even that wasn't enough to turbocharge its profit.

SurfStitch administrators weigh up relisting

SurfStitch, the victim of one of the most memorable stock market wipe-outs in recent years, could soon be trading on the ASX again under a plan hatched by a mystery company insider that it being considered by administrators.

Former Billabong boss has jail sentence cut but loses appeal

Former Billabong boss Matthew Perrin has had six months shaved off his prison sentence but lost an appeal against his fraud conviction.

Berry supplier dragged to court of Patties' Hep A outbreak

The clean up from a hepatitis A outbreak linked to frozen berries has landed in court, with Patties Foods seeking millions of dollars in compensation from the supplier that sourced the infected fruit from China.

Tales of Brick and Mortar: The man who goes shopping for stories

Forget nail salons and burger joints: Old shops are in vogue for a new website.

Retailers look to galaxy far, far away to boost profits

Myer, Target and Big W are among retailers looking to a galaxy far, far away for a much-needed boost to their profits as Star Wars' Force Friday II rolls out today.

'Collapse of moral values': Coke exec jailed for $860k slush fund

Bryan Pereira has admitted he was motivated by greed when he accepted hundreds of thousands of dollars in corrupt payments.

Harvey Norman punished after dividend cut

A record profit has not been enough to save Harvey Norman from a sharemarket savaging after the retailer cut its full-year dividend on Thursday.

Fashion victim Billabong dives to a $77 million loss

Surf and skate wear group Billabong says it became a fashion victim last year after failing to keep up with the Instagram generation's rapidly changing taste, and expects another tough year ahead.

Caltex takes over more than 80 service stations

The proportion of corporate stores run by Caltex has leaped up as the company discovers wage fraud amongst its network of franchised service stations.

Donut King, Gloria Jean's overseas growth lifts Retail Food's profit

Coffee, bakery and pizza franchise owner The Retail Food Group's expansion overseas and addition of a food distribution business have boosted its annual profit.

Can Uber help Coles fix its Amazon problem?

Faced with the arrival of one American giant, Coles is looking for help from another.

The Amazon of China already has supermarkets. Now it wants our food

The business world may be enthralled with Amazon's moves to become a major supermarket player, but Chinese e-commerce giant Alibaba says it is already strides ahead.

Scentre launches 100 new retailers to its malls

Scentre Group has opened its Westfield malls to 100 new retail brands as it looks to entice shoppers to the centres.

The sad, sorry collapse of SurfStitch could be even worse than it looks

• Comment

It's not just Amazon that is threatening Australia's e-commerce scene.

Hot-desking and smartphones are driving a backpack boom

Athina Mavromataki is on the commuting juggle with a bag of breakfast in her left hand and carrying her phone in the other.

Amazon's latest move is supermarkets' worst nightmare

Sorry, supermarkets: the e-commerce giant just confirmed that your worst nightmares are about to come true.

Retail slump? Rebel Sport, Supercheap Auto are flying

Taking a more active approach to helping customers enjoy their cars, sports and the great outdoors has proved a winning strategy for the Super Retail Group, helping it boost profit by 73 per cent.

David Jones blames belt-tightening as shoppers steer clear

David Jones has recorded a 25 per cent drop in operating profit, as customers evaporate and it spends heavily in a new food-driven strategy it hopes will revive sales.