Today
Dutton doubles down on ‘price gouging’ by big-box retailers
Brands including IKEA, Petbarn and Officeworks are expected to front the looming Senate inquiry into the business practices of big-box retailers.
- Tom McIlroy and James Hall
Forget Aperol spritz, this is what’s hot on the drink list this year
Aperol Spritz is so last year. Zoncello limoncello spritz and local sparkling wine are on the summer drinks hit list.
- Carrie LaFrenz
Viva CEO Scott Wyatt rolling out EV chargers at his own pace
Mr Wyatt said Viva’s charger rollout matches the faltering uptake of electric vehicles, which works in the petrol station group’s favour.
- Ben Potter
Dan Murphy’s owner Endeavour fumbles early 2024-25 trading
The group, which also runs hotels and wineries, started the new financial year with weaker than expected turnover.
- Carrie LaFrenz
Yesterday
Bunnings faces grilling as Nats turn on ‘big-box’ retailers
Price-setting practices, land acquisitions and supplier relationships of major retail brands set to be scrutinised in a new Nationals-led Senate inquiry.
- Tom McIlroy
- Exclusive
- Wesfarmers
Wesfarmers wants slice of retail media boom for Bunnings, Officeworks
The hardware and stationery giants have plans to enter the novel sector, joining Woolworths and Coles.
- Carrie LaFrenz and Sam Buckingham-Jones
This Month
Blundy’s Accent Group misses lofty expectations
After a tough 2023-24 when sales rose just 2.4 per cent and earnings fell, the new year began slower than investors expected, pushing shares down 16 per cent.
- Carrie LaFrenz
Super Retail boss ‘cautiously optimistic’ on 2024-25 rebound
The name behind Rebel Sport and Supercheap Auto posted record sales of $3.9 billion and kept investors happy with a special 50¢ dividend.
- Carrie LaFrenz
Small appliance maker Breville posts record sales
The company staged a second-half recovery with double-digit revenue growth selling coffee machines in the United States and Europe.
- Carrie LaFrenz
The two Perth mall deals that have revived the retail market
The Claremont Quarter sale brings the dollar amount of Perth malls transacted this week to $627 million.
- Campbell Kwan
- Exclusive
- Executive shake-up
Ex-Levi Strauss executive to run Country Road brand
Just weeks after Elle Roseby left the Australian retailer, chief executive Raju Vuppalapati has appointed a former Levi’s colleague to head the fashion label.
- Carrie LaFrenz and Jonathan Shapiro
Kathmandu, Rip Curl owner ends grim year with June quarter recovery
New Zealand’s KMD Brands said sales across its three retail chains fell 11 per cent over the 2024 financial year, but improved in the final three months.
- Carrie LaFrenz
Booktopia emerges from administration after sale to digiDirect
The company was once worth $400 million. The founder of digiDirect says he intends to invest in the business to turn around its poor performance.
- Carrie LaFrenz
Flat convenience spend, rising costs hit Charter Hall retail REIT
Charter Hall Retail REIT starts 2024-25 on a downbeat note after issuing soft earnings guidance, but its distribution will stay intact.
- Michael Bleby
A2 Milk strikes peace deal with Synlait, sending shares sharply higher
The agreement will allow the company to manufacture its infant formula for the first time, with investors hoping for wider margins and better returns.
- Carrie LaFrenz
Former senior Super Retail lawyer revealed as second whistleblower
Amelia Berczelly is the second senior employee to raise “serious corporate governance issues” about the Supercheap Auto, Rebel Sport, BCF and Macpac owner.
- Carrie LaFrenz
- Updated
- Earnings season
Jump in JB Hi-Fi sales fuels retail earnings optimism
Investors predict better-than-expected earnings for retailers after months of soft trading.
- Updated
- Carrie LaFrenz
Multinationals sound alarm over weak demand in China
Weak demand in China has been a feature of half-year earnings across much of the global consumer goods sector.
- Edward White and Thomas Hale
‘Heartbreaking’: Melbourne stores bite the dust as workers stay home
Small-business owner Chelsea McIntosh has been forced to close down six out of seven gift shops she ran in Melbourne’s CBD as the retail sector has been rattled.
- Gus McCubbing
Former Super Retail executive claims CEO spat at staff in meeting
The allegation, made in court filings, suggests Anthony Heraghty presided over a dysfunctional workplace and improperly spent funds. He denies the claims.
- Carrie LaFrenz
