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Retail

Today

Mecca and Kogan want to know their customers better than anyone

Retailers need to 'look under the hood' and make sure they have the culture and structures necessary to thrive amid unprecedented retail disruption.

  • Sue Mitchell

Top Shelf settles on $47.2m IPO, books close Wednesday

ASX aspirant Top Shelf International has finalised the amount it will raise for its initial public offering at $47.2 million.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Pet vitamins a new battleground in Blackmores and Swisse tussle

The owner of the Swisse brand has made a $224 million acquisition in pet nutrition in the US, while Blackmores is pushing hard in a growing sector in Australia.

  • Simon Evans

Cashrewards closing IPO early, offer covered: book message

Retail cash-back scheme Cashrewards' brokers have brought forward the deadline for bids for its $65 million IPO and declared the deal "covered". 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

TikTok generation to fuel Universal Store float

Universal Store chief executive Alice Barbery says her Gen Z customers haven't been hit by the pandemic in the same ways as other consumers.

  • Carrie LaFrenz
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Yesterday

PwC shops NZ-based Natural Pet Food Group to buyers

One of New Zealand's biggest premium pet food makers and sellers is seeking to make the most of a pandemic-induced pet ownership boom.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Quadrant plots Grays Online's return to the ASX boards

Quadrant Private Equity is getting ready to take another one of its ecommerce investments public.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

This Month

Clark Rubber set for new lease of life under new owners

The 75-year pool, foam and rubber retailer's new owners plan to double store numbers, grow online sales and build a franchised pool services business.

  • Sue Mitchell

Amcor thrives on US grocery boom in stay-at-home times

Consumption of meat, cheese, sauces and pet food climbed and so did profits for the world's largest consumer packaging group.

  • Simon Evans

Youfoodz IPO heats up as Nestle enters ready-made meals market

Nestle's $US1.5 billion acquisition of ready-made meals maker Freshly highlights the potential in the sector, says IPO contender Youfoodz.

  • Sue Mitchell

Three horse race for Lion Dairy and Drinks; binding bids due Wednesday

The time has come for bidders interested in Lion's up-for-sale dairy and drinks division to put a firm number on how serious their buying intentions are.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Coles in better shape now than pre-pandemic, says CEO

The coronavirus pandemic enabled the supermarket chain to accelerate parts of its five-year turnaround strategy, chief executive Steven Cain told shareholders.

  • Sue Mitchell

Textiles tech business Evrnu hunts capital injection

A Seattle-based textiles business is looking to stitch up a convertible note fundraising, and has turned to potential investors Down Under.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Rich Lister Jack Cowin clean sweep with Coles plant-based meat deal

No.17 on the AFR Rich List is a big backer of v2foods, which now has mainstream distribution across both major supermarket chains.

  • Simon Evans

Domino's eyes Europe as same-sales growth slows

The chain says it is looking to expand as home delivery grows amid the coronavirus pandemic.

  • Sue Mitchell
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Woolworths sweats assets as online sales surge

The supermarket giant is searching for spaces back-of-store to convert to online sorting centres as e-commerce sales soar.

  • Updated
  • Sue Mitchell

Woolies races to keep up with online shopping revolution

The COVID-19 led surge in Woolworths' online sales is far from over, but chief executive Brad Banducci needs to race to keep up with this dramatic shift. 

  • James Thomson

Gerry Harvey thinks RBA may have gone too far

The chairman of one of Australia's biggest retail groups is worried the Reserve Bank may have overplayed its hand with a rate cut and a big $100 billion bond-buying program, given the economy is already showing signs of a pick-up.

  • Simon Evans, Jenny Wiggins and Lucas Baird

Disappearing daigou pull rug from Bubs and Nuchev

Thousands of smaller daigou operators who once had a brisk trade shipping infant formula to China for sale on e-commerce sites have given up.

  • Simon Evans

Second wave of US pantry hoarding gives Brambles a lift

Victorian hospitality lockdowns have hit the Kegstar business in Australia but the US operations are booming for the logistics giant.

  • Simon Evans