This Month
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.
Did Minecraft just kick-start Woolworths’ turnaround?
Kids’ collectables may seem a lark to many investors. But Woolworths’ campaign has given it a hint of something it’s sorely lacked for some time: momentum.
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.
Trump calls Bezos after reports Amazon would show tariff charges on its site
The retailer spent a chaotic morning denying a report that it planned to display prices showing the tariffs’ impact on Amazon.com.
New Endeavour chief Jayne Hrdlicka finds backers in Mathieson, Wylie
The former Virgin Australia managing director will have to stare down restive investors when she takes over at the Dan Murphy’s and BWS owner next year.
Jayne ‘Hard Liquor’ has a big job ahead at drinks empire
Jayne Hrdlicka is jumping from one fix-up job at Virgin to the next at Endeavour, and she’s going to have to put some noses out of joint – again.
Why do cafes charge extra on holidays? Baristas get $70 an hour
Hospitality owners have slammed Anthony Albanese as out of touch for suggesting they can stay open on weekends and holidays without adding surcharges.
Big banks draft in Barrenjoey as they consider Armaguard’s future
The banking lobby needs strategic advice on how the Linfox-owned cash transport business could be funded.
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.
Brownes Dairy to be sold after Chinese backers call in $200m loan
One of the country’s oldest dairy companies, the largest milk producer in Western Australia, is on the market through McGrathNicol.
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.
NZ toy billionaire says prices to double in trade war
Nick Mowbray built his fortune from a network of toy factories in China. Now tariffs have “paralysed” his company Zuru Group that sells to Walmart and Target.
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.
Versace’s ‘quiet luxury’ blunder opened door to Prada takeover
Fashion executive John Idol sold the high-end fashion house to its rival for $2.2 billion, amounting to a loss of about $1.1 billion.