Today
Dan Murphy’s owner Endeavour off to slower start in second half
Trading at its bottle shops in January softened, pinning hopes on a February turnaround and an outsized performance from Endeavour’s pubs.
- Updated
- Carrie LaFrenz
Adore Beauty shares surge on accelerating revenue
The former takeover target says trading momentum continued in the first six weeks of the new half, with revenue up 8.1 per cent amid a tough consumer backdrop.
- Carrie LaFrenz
Kogan.com brings back dividends, shares jump 22pc
Investors cheer the dividend even as the online retailer said its interim revenue fell as households cut back on spending amid cost-of-living pressures.
- Simon Evans
Yesterday
The sweet rise of a Belgian coffee biscuit to global TikTok obsession
‘Not just a hype’: How the 92-year-old snackmaker behind Biscoff captivated Gen Z
- Amanda Chu
This Month
Woolies’ week from hell; Qantas’ ‘helpful’ profit drop; Nvidia fever
This week, James and Anthony look at Woolworths’ week from hell, navigate the latest turbulence at Qantas and Virgin, and try to answer why builders are going bust amid crazy demand for housing.
Shares in Lovisa, Universal Store jump as dividends rise
The two retailers reported softer like-for-like sales but were bullish in their outlook, boosting returns for shareholders.
- Updated
- Carrie LaFrenz
- Updated
- Supermarkets
Banducci’s surprise exit wipes almost $3b from Woolworths
Amanda Bardwell will succeed the businessman at the top of the country’s biggest supermarket chain amid a damaging political fight over profit margins.
- Updated
- Carrie LaFrenz
New Woolies CEO Amanda Bardwell’s first job in retail was at 14
An ex-managing director of the Dan Murphy’s liquor superstores is not surprised his former head of online operations is ascending to a much higher role.
- Simon Evans
Brad Banducci is retired, by the way
After dismissing the assessments of Rod Sims as coming from one “retired, by the way”, Woolworths’ CEO has announced his own retreat from executive office.
- Myriam Robin
- Opinion
- Chanticleer
Woolies has got Banducci’s ugly exit wrong
Woolworths insists Brad Banducci’s departure is not tied to his Four Corners farce, but his exit will not end the scrutiny on the group. Here’s why.
- James Thomson
Domino’s slices dividend as weak Europe sales dent profit
Chief executive Don Meij said there had been a turnaround in another poorly performing market after the new products were introduced.
- Simon Evans
Lululemon turns to Aussie start-up for its next activewear bet
Samsara Eco, with its plastic-eating enzyme technology, is poised to raise capital after securing $56 million in a funding round in 2022 from its blue-chip backers.
- Simon Evans
Reputation needs bigger role in Woolworths executive pay: ISS
The proxy advisory group’s comments come as the supermarket giant faces intense scrutiny over its profit margins as household budgets are crunched.
- Jemima Whyte and Carrie LaFrenz
KMD shares crumble to all-time low as weather wreaks havoc on sales
Unseasonably warm weather hurt sales of puffer jackets at Kathmandu, compounding an already weak consumer environment.
- Carrie LaFrenz
Woolworths chief Brad Banducci’s ominous temper flare
A Four Corners slip has made the Woolies CEO’s upcoming Senate appearance compulsory viewing.
- Myriam Robin
- Opinion
- The AFR View
Corporates should focus on being on the right side of customers
Any social licence credits supposedly built up by supporting the Voice have counted for nothing, as Coles and Woolworths are now portrayed as profiteering pariahs at the eye of the cost-of-living political storm.
- The AFR View
- Exclusive
- Retail
Woolies CEO says shoppers want ‘value’ not ‘broader conversations’
After a bruising political bunfight over Australia Day merchandise, the Woolworths boss says shoppers want the retail giant to “focus on delivering value”.
- Carrie LaFrenz and Jemima Whyte
The worst-kept secret this earnings season? Rising profits
Soaring profits at big companies selling everyday staples such as groceries, electricity and insurance bring new risks for shareholders and undesirable scrutiny from Canberra.
- Simon Evans
Wesfarmers won’t make money off lithium at current prices
CEO Rob Scott concedes the group won’t make money off lithium at current prices, but says longer term it can deliver good returns to shareholders.
- Updated
- Carrie LaFrenz and Brad Thompson
- Analysis
- Earnings season
How Kmart delivered its record half
Last year’s sellout of the discount chain’s version of the viral US drink bottle Stanley Cup says it all.
- Carrie LaFrenz
