Today
JB Hi-Fi sees robust sales outlook on consumer demand for tech
Stores continue to perform well, but sales momentum slowed in the third quarter for the electronics retailing giant in a competitive market.
Yesterday
‘Complacency’ is an issue for Australia amid global turmoil: Macquarie CEO
Against a backdrop of growing uncertainty and US president Donald Trump’s trade war, Australia’s top CEOs say there is no room for complacency in Labor’s second term.
Wesfarmers CEO says trade friction could cut prices for shoppers
Wesfarmers boss says his company is well-placed to weather any fallout from the US-China trade war.
This Month
Losses triple at Harris Farm Markets to $22m
The high-end grocery chain’s losses blew out to $22 million last year as problems with a new business software system resulted in stock loss and higher costs.
Endeavour chair looks to reassure investors on Hrdlicka availability
Despite a strong performance from its pubs, the Dan Murphy’s owner grappled with less demand for alcohol and lingering supply chain disruptions in the third quarter.
Business calls for productivity push, more gas in Labor’s second term
Australia’s top CEOs want Anthony Albanese to reform the tax system, fix productivity and give them a seat at the policy table in his second term.
Woolworths sales growth picks up but Big W is a massive worry
While the nation’s biggest grocery retailer enjoyed a 3.2 per cent sales bump, losses at its variety chain are now almost double its initial estimate.
Super Retail executives dragged into alleged CEO affair stoush
One senior manager, according to new claims filed with the Federal Court, witnessed an intimate moment at an offsite work meeting three years ago.
April
Aldi shows its discount appeal with sharp rise in profit
The German discount supermarket chain has paid out billions of dollars in dividends to its parent group Hofer KG in Austria.
Coles sees healthy sales growth as shoppers flock to home brands
Supermarket giant maintains its advantage over rival Woolworths, with group sales up 3.4 per cent in the third quarter to $10.4 billion.
Cettire slumps to first loss in three years, further pain expected
Shares in the luxury platform tumbled more than 17 per cent after earnings were crushed by discounting and weak demand.
Cue Clothing poaches next chief executive from Country Road
Melanie Remai is the latest departure from the South African-owned fashion house. Her appointment comes weeks after British investors took control of Cue.
Baby Bunting’s novel solution to conquer parents’ indecision
The country’s largest nursery goods retailer says its research shows shoppers are mired by indecision. It is reworking its shops in the hope of boosting sales.
Shein’s Australian sales top $1b in online fast-fashion surge
Revenues at the Singapore-headquartered ultra-cheap goods retailer soar 25 per cent over the last year as local rivals struggle in a cost-of-living crunch.
Pizza Hut, Wendy’s recruits new boss as it targets mega expansion
Flynn Group, one of the world’s biggest operators of fast-food restaurants, has appointed former KFC executive Richard Wallis to run its regional business.
Wittner the latest retailer to hit the wall, calling in administrators
The shoe company was founded in 1912 and had more than 20 stores and 25 concessions in Myer and David Jones. But costs have risen as sales have struggled, it said.
British sports giant launches aggressive push to take on Rebel
British retail giant Frasers is opening its Sports Direct chain in Australia in a tie-up with Accent Group, where it is now the biggest shareholder.
Can engine oil be Bunnings’ next big break? Auto rivals hope not
The Wesfarmers-owned hardware giant has already expanded into pet care and cleaning. Now it sees a $1.5 billion opportunity too good to pass up.
Greens flag $30m to lure Aldi to Tasmania
As part of an election pitch, the Greens are seeking to lure the discount supermarket chain to the Apple Isle to help boost competition and lower grocery bills.
JD Sports hires former Rebel executive as it eyes expansion
The sporting goods business has brought in a new head of stores as the athletics wear sector braces for the arrival of British retailing giant Sports Direct.