Today
Online marketplace taps demand for Australian-made
Buy Aussie Now started as an Instagram page a year ago and is now a thriving online marketplace selling Australian-made and owned goods.
- 41 mins ago
- Sue Mitchell
Retail Zoo renegotiating debt after profit slump
Profits at Retail Zoo’s holding company slumped after it was forced to close stores and shift to a take-away only model for several months.
- 41 mins ago
- Sue Mitchell
Yesterday
Myer CEO eyes return to dividends
Myer CEO John King lifts hopes for a dividend as wage subsidies and rent waivers offset the impact of store closures and weak CBD traffic.
- Updated
- Sue Mitchell
- Opinion
- Chanticleer
Myer has a big city problem
Myer’s CBD stores account for 30 per cent of earnings. Restrictions on tourism and remote working are likely to weigh on the group for some time to come.
- Updated
- James Thomson
This Month
Look who’s catching up with Kogan
Less than two years after Catch was acquired by Wesfarmers for $230 million, the online retailer has attracted more than 1.7 million new active customers.
- Sue Mitchell
Odyssey PE rides into MTB Direct investment
The group has signed a deal to invest in the cycling parts, clothing and accessories retailer and inject funds into the business to fuel growth.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Coles, Woolworths shares fall as price war fears grow
Coles may need to invest more in cutting prices to boost foot traffic and wrest back market share from Woolworths, IGA and Aldi, analysts say.
- Sue Mitchell
CEOs say ultra low rates won’t last
Retail CEOs are enjoying buoyant consumer spending but bosses across the board make decisions on a long-term horizon.
- Simon Evans, Sue Mitchell, Angela Macdonald-Smith and Jenny Wiggins
David Jones shrinks gourmet food business
David Jones is closing three food halls to stem losses in its gourmet food business, which blew out to $12 million in the December-half.
- Sue Mitchell
Coles, Woolies drive IPO-bound flowers group
The supermarket channel makes up about 19 per cent of the cut flower market, but in the UK it is 55 per cent.
- Simon Evans
February
More JobKeeper baloney from Gerry Harvey
The retail billionaire cannot stop digging himself a JobKeeper-sized hole.
- Joe Aston
Best & Less grabs another JLM off the rack
Stockbroker Bell Potter has been tried on for size at Allegro Funds’ ASX hopeful Best & Less Group – and it’s a fit!
- Sarah Thompson, Anthony Macdonald and Tim Boyd
BWX sticks to guidance after Chemist Warehouse deal
The natural skincare group posted mixed overall half year results but has penned several new distribution deals that will fuel sales growth this year.
- Updated
- Carrie LaFrenz
- Exclusive
- China
Penfolds owner Treasury Wines axes 60 jobs in China
Penfolds owner Treasury Wine Estates axed up to 60 positions from across its China wine operations after Beijing hammered the business with punitive tariffs.
- Simon Evans
Harvey Norman faces JobKeeper heat as profits double
Harvey Norman faces new pressure to return JobKeeper subsidies after profits more than doubled, but Gerry Harvey says the bigger issue is long-term growth.
- Sue Mitchell
Kogan.com celebrates bumper first half but January stalls
Kogan.com’s December-half net profit rose 165 per cent to $23.6 million but the shares fell 10 per cent after sales growth halved in January.
- Sue Mitchell
Renovators bring bathrooms group Reece record profits
Householders have been busy sprucing up bathrooms and tapware and Reece capitalised at its 640 outlets in Australasia.
- Updated
- Simon Evans
David Jones back in fashionable black
David Jones is back in the black after slashing costs, reducing discounts, cutting debt by selling landmark stores and taking wage subsidies.
- Updated
- Sue Mitchell
Universal Store, Dusk the picks of recent IPO crop
The two retailers were the standouts among half a dozen consumer companies that took advantage of a COVID-19 spending boom to float late last year.
- Sue Mitchell
- Opinion
- Retail
Cash flow drives the retail recovery
Remember all that talk about COVID-19 making Australians reluctant to return to shopping centres? Peter Allen says the evidence at Westfield is the opposite.
- Jennifer Hewett
