Today
- Opinion
- Chanticleer
How Chemist Warehouse can get its deal past the ACCC
Divestments may be needed to get the Chemist Warehouse/Sigma deal over the line, but they don’t look too strenuous.
- Updated
- Anthony Macdonald
CBA tips one rate cut this year as retail sales ease fears of a rise
Last week’s hot inflation data reignited the prospect of further rate increases, but Tuesday’s weak retail sales numbers have traders walking back those expectations.
- Cecile Lefort and Joshua Peach
Investors trim rate rise bets as retail sales growth hits 2½-year low
Annual growth in retail sales has fallen to its lowest level since the pandemic as cash-strapped households tighten their belts.
- Michael Read
Bapcor CEO-elect quits two days before taking job
Paul Dumbrell has pulled out of taking the top job as investors brace for a profit downgrade and one of the founders lashes out at the board.
- Updated
- Simon Evans
Coles wants suppliers’ help in cutting prices as shoppers seek deals
The supermarket chain’s sales rose 5.1 per cent in the third quarter but liquor sales fell as consumers cut spending by looking for cheaper alcohol options.
- Carrie LaFrenz
Yesterday
Super Retail legal action expands to at least four staff
Lawyers acting for employees say they offered to settle confidentially for less than a third of the $30 million to $50 million sought.
- Carrie LaFrenz and Ayesha de Kretser
Adore Beauty CEO Morton to step down
The online beauty retailer is on the hunt for another CEO after Tamalin Morton flagged plans to exit in September.
- Carrie LaFrenz
This Month
‘Wealth effect’: the stocks that could gain from rising house prices
Jarden highlights its best bets, saying homeowners feeling good about their property appreciation turn to spending more on big-ticket retail items.
- Simon Evans
Super Retail CEO and former exec accused of undisclosed relationship
The board and chief executive are expected to be named in a soon-to-be-lodged legal claim by Harmers Workplace Lawyers, Super Retail said.
- Carrie LaFrenz
The homeless high school dropout now worth $670m
Mark Constantine, the unconventional founder and head of soap empire Lush, believes getting your product right means spending everything on it.
- Guy Kelly
Kogan executives handed $17.6m payday three weeks before stock crash
The online retailer disclosed earlier this month that key executives would be able to sell options back to the company without having to exchange them for shares.
- Tom Richardson and Carrie LaFrenz
‘Get out now’: empty stores haunt iconic Sydney shopping streets
Retailers on Paddington’s Oxford Street and Newtown’s King Street are feeling the pinch of high operating costs and declining consumer confidence.
- Campbell Kwan
Nick Scali mounts UK push, realising long-held dream
The Australian furniture retailer flagged an equity raising to fund deal and further invest in its new British business.
- Carrie LaFrenz
Nick Scali to launch equity raising for UK foray; Macquarie on ticket
Nick Scali will pay £2 ($3.82) for Fabb Furniture, funded by a $46 million underwritten institutional placement.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Woolies cuts prices in bid to catch Coles’ growth
A JPMorgan survey of private label products shows the supermarket giants are competing more aggressively on price, closing the gap with discount retailer Aldi.
- Carrie LaFrenz
The Melbourne shopping hotspot that became a ‘ghost town’
Businesses on Bridge Road in Richmond, which has a whopping 15.5 per cent vacancy rate, fear an insolvency snowball effect.
- Gus McCubbing and Larry Schlesinger
Super growers take on Woolies, Coles with private equity cash
Giant pension funds from Canada, Singapore and US private equity are behind super producers who account for half the $9.1 billion fruit and vegetable market. Bigger is better, and Australia is mirroring a global trend.
- Simon Evans and Carrie LaFrenz
$650 for RM’s? ‘People want handcrafted,’ says Nicola Forrest
Nicola Forrest says people are tiring of throwaway fast fashion as the iconic company she co-owns lifts capacity to tap into a fast-growing market for women’s boots.
- Simon Evans
- Opinion
- Government Observed
The Senate’s mock outrage games shame all
Threatening corporate leaders with jail time over an accounting contrivance is part of a trend where the national parliament is becoming a theatre for showboating and mock outrage.
- Tom Burton
How Amazon wasted a decade trying to reinvent the supermarket
The online shopping behemoth simply failed to make the technology cheaper than a conventional store.
- James Titcomb and Hannah Boland
