Internet hasn't killed retail and it won't, says mall chairman
Physical retail stores in Australia had a "good future" regardless of the arrival of Amazon, according to the chairman of the retail property group Vicinity Centres, Peter Hay.
Physical retail stores in Australia had a "good future" regardless of the arrival of Amazon, according to the chairman of the retail property group Vicinity Centres, Peter Hay.
The average Australian household now has more than a million dollars in net wealth. The trouble is we are becoming increasingly cash poor.
While those eating out in Kingston spend the most per visit, a new analysis finds.
Global e-commerce giant Amazon has said it will launch in Australia with both an online retail and a "marketplace" offering, confirming for the first time its plan of attack for the local market.
While many smashed avo fans will have been cheering the news overnight that avocado prices are set to drop, their excitement will be short lived.
Consumer giant Procter & Gamble is using China's Singles Day online shopping event to sell Chinese women a product they rarely buy: tampons.
The largest assault on Australia's retail sector in decades is about to begin.
Domino's Pizza says its has reversed its falling sales in Japan and is on track to open up to 200 new stores worldwide this financial year.
Solomon Lew has revealed his hand in the high-stakes game his Premier Investments is playing with Myer, naming the directors he wants appointed to the department store's board and outlying a strategy to revive its fortunes.
Myer's incoming chairman has claimed that Solomon Lew's Premier Investment - a scathing critic of his ability to lead the department store's board - once courted him for the same role.
Myer boss Richard Umbers probably has another six months to demonstrate that his plans to transform Old Myer to New Myer are working.
Solomon Lews' plan to a get his voice heard in the company's board room will depend on shareholders who control the other 90 per cent of Myer.
The chiffon dress with the pasta print should have been the tipoff.
There is a sign outside the first Australian warehouse for Amazon which says in enormous letters "Welcome Amazonians. It's still day one! Are you ready to make a difference?"
The reason Coles offers me women's wear is that it is not thinking. Woolworths is.
Myer boss Richard Umbers is caught in a pincer. And the longer he spoke, the more the share price fell.
Retail veteran Solomon Lew says Myer's latest sales figures show the department store's strategy is reaping only "weeds" and that its incoming chairman is unelectable.
Online retailer's push to revive brand's standing with Australian customers after horror year.
Myer has caved in to major shareholder Solomon Lew's demands to release its first-quarter sales results - and the reading isn't pretty.
Woolworths has shot ahead of its rival Coles, posting comparable food sales growth of 4.9 per cent in the first three months of the financial year.
A year after Myer Warringah was revamped and reopened, industry sources are labeling it a failure.
Myer's incoming chairman has warned that letting billionaire rag trader Solomon Lew into the company's boardroom would be "enormously damaging".
Apple began accepting early orders for its iPhone X at 12:01 am on Friday in California. Within minutes, shipping times quickly lengthened to as much as six weeks.
The online retailer's workforce is now larger than the population of dozens of small countries.
As oil refiner and petrol station giant Caltex continues to battle a systemic wage fraud scandal across its franchise network it has come to light that it considered changing its name.
The online retailer's sales jumped 34 per cent in the third quarter and profit topped analysts' estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies
Retailer says it needs to bring its online offering up to standard.
Investors in Wesfarmers got seriously spooked on Wednesday when the release of its quarterly sales numbers showed Coles sales growth had slowed to a crawl.
Radek Sali, the former Swisse chief executive who sold the vitamins company for $1.67 billion two years ago, has launched an advertising agency he says will help other companies target the burgeoning Asian consumer market.
Coles is promising to bounce back in 2018 after cheap fruit and vegetables contributed to the supermarket's sales growth falling to its slowest rate in eight years.
The social media giant is making inroads into the "really rich" Australian small and medium business market.
The industry selected for special tax treatment.