Retail
The Reject Shop sales slide as inner-city COVID exodus continues
The discount retail chain has been forced to temper investor expectations after persistently weak sales at its inner city and shopping centre stores.
- by Dominic Powell
Latest
‘Impossible to contain’: Wesfarmers boss wants faster vaccine rollout
Wesfarmers chief executive Rob Scott has stressed the importance of getting Australians vaccinated quickly so the country could put an end to repeated lockdowns.
- by Dominic Powell
Opinion
Opinion
Wesfarmers’ message to governments: Don’t make us pay for the COVID stimulus
The stimulus-fuelled shopping bonanza has left companies like Bunnings, Kmart and Officeworks explaining to shareholders that the party is over now as more normal pre-COVID trading patterns return.
- by Elizabeth Knight
Amazon’s Australian growth beating expectations thanks to COVID
International retail behemoth Amazon’s expansion into the Australian market is running ahead of schedule.
- by Dominic Powell
Woolworths takes on the big banks with new payments business
The supermarket giant is set to become a major competitor in Australia’s $700 billion payments sector after setting up a new standalone company called WPay that will offer payment services to other retailers.
- by Dominic Powell
Fashion giant Zara eyes cost cuts, reveals $2.6m wage underpayment
Fashion retailer Zara is assessing a number of measures to sustain itself in the Australian market including cutting costs and borrowing millions.
- by Dominic Powell
False hand sanitiser and face mask claims spark fines for Noni B, Rivers owner
The consumer watchdog has issued a $630,000 fine to the retailer after it used false advertising to sell tens of thousands of face masks and hand sanitiser bottles at the height of the pandemic.
- by Dominic Powell
‘Looks like a monopoly’: Small businesses, retailers rail against Eftpos merger
Industry bodies and business organisations have said the proposed mega-merger of payment platforms eftpos, BPAY and the NPP could increase costs for small businesses.
- by Dominic Powell
Updated
Kogan.com
Kogan shares tumble after profit forecasts sliced
A slew of supply chain problems and piles of excess stock have prompted Kogan to axe its earnings predictions for the current financial year, stunning investors and sending its shares plummeting.
- by Dominic Powell
Beacon Lighting’s profits shine thanks to the housing boom
The ASX-listed retailer has been a major winner in the pandemic due to the boom in new home building and renovations which has driven up demand for the its indoor and outdoor lights.
- by Dominic Powell
‘More interesting than the stockmarket’: The tough battle for Pokémon cards
From baseball and Pokémon and Yu-Gi-Oh: Demand for trading cards has exploded during the pandemic as collectors reengage with old habits and others see an investment opportunity.
- by Jacob Bogage