Yesterday
Woolworths suppliers put on ‘holiday’ for price pushback, ACCC hears
The competition regulator’s public hearings have been told some producers did not receive any orders from the supermarket if they refused to drop prices.
- Carrie LaFrenz
This Month
Small retailers give a ‘hard no’ to Black Friday and the big sales
Dr Dough Donuts boss Kristy Bannister says discount blitzes like Black Friday do more harm than good for smaller retailers by creating “unsustainable” expectations.
- Gus McCubbing
Milkrun founder Milham returns to his roots at Koala
Koala co-founder Dany Milham will return to the chief executive role at the online furniture retailer he created in 2015, as it booked an annual profit.
- Paul Smith
October
Zip banks on interest rate cuts as transaction volumes soar
The buy now, pay later group has endured a difficult two years and returned to growth, particularly in the US, where the majority of sales are processed.
- James Eyers
Temple & Webster sales growth slows
The online furniture retailer is the latest to show sales momentum is slowing this half.
- Carrie LaFrenz
Ebay struggle’s to stay relevant
It’s become just another online marketplace, as the auctions that once added to the thrill of the chase now make up a small fraction of transactions.
- Ben East
Foot Locker goes all in on basketball with new Melbourne mega-store
The American sporting giant is hoping to grab the attention of a generation of shoppers who have more choices than ever for where to buy their sneakers.
- Carrie LaFrenz
Ex-tradies go from zero to $6m by swinging for young golfers
Online retailer Golf Gods takes the “Happy Gilmore” approach to its line of offbeat clothing that aims to take the stuffiness out of the game.
- Simon Evans
JPMorgan enters Australian payments as competition heats up
The world’s largest bank said it would start offering “merchant acquiring” services in Australia, in the latest threat to major banks’ payments margins.
- James Eyers
September
Google to test its artificial intelligence-powered search in Australia
Known as AI Overviews, the change is the biggest to the platform in years. But news publishers and e-commerce sites fear it could leave them out in the cold.
- Sam Buckingham-Jones
Nick Scali wants to conquer Britain. Does it stand a chance?
The ASX-listed furniture retailer has made a big bet on the United Kingdom, where plenty of big Australian companies have come unstuck.
- Hans van Leeuwen and Carrie LaFrenz
What this exec has learnt from becoming a CEO at 29
In 2022, Rajneen Arora was the GM of Best Gift Group when the hospitality gift card company fielded a buyout offer. The deal was contingent on Arora becoming its chief executive.
- Sally Patten
Cettire’s Dean Mintz rewards the faithful
Not much is known about reclusive Cettire founder Dean Mintz. But it’s clear the man reads his reviews.
- Myriam Robin
August
Mastercard argues cash costs more than card in bid to stymie fee limit
A Boston Consulting Group report commissioned by the global payments giant has found there are plenty of “hidden” costs to using cash, which could be reduced.
- James Eyers
- Updated
- Earnings season
Woolworths loses ground to Coles after tumultuous year
The major retailer recorded a slight fall in underlying profit, which were all but wiped out by a big write-down in its New Zealand business.
- Updated
- 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
Temple & Webster bucks retail slump, shares soar
The online furniture retailer’s shares have jumped 23 per cent after it achieved almost $500 million in sales by expanding its market share.
- Carrie LaFrenz
Crowded field down to one as Booktopia emerges with new owner
DigiDirect, a privately held electronics retailer, has all but won a McGrathNicol-led sale process, which kicked off when the bookstore collapsed in July.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nick Molnar to step up at Block, will report to Jack Dorsey
On the three-year anniversary of Afterpay’s blockbuster sale to Block, its founder Jack Dorsey has promoted Nick Molnar to head of sales.
- James Eyers
July
- Investigation
- Cyprus Confidential
Importers got rich on COVID masks; the shipment’s still on the dock
When COVID-19 erupted around the world, the race was on to secure masks and gowns. Middlemen were in lucrative taxpayer deals, even one which went awry.
- Liam Walsh and Neil Chenoweth