Yesterday
Aldi returns to its private-label roots in drive for profits
Woolworths and Coles’ price premiums to Aldi expanded in November, driven by the German discounter cutting prices across several categories.
KMD Brands sales rise, but heavy discounting squeezes margins
The owner of the Kathmandu and Rip Curl brands said at its annual meeting that it remained on track to achieve its cost-cutting goal this year.
Warehouse workers the next union target after mines for Labor laws
The United Workers Union says it has secured pay jumps of up to $30,000 for hundreds of such staff under the legislation, mostly at major logistics sheds.
This Month
Quadrant-owned My Muscle Chef serves $23m dividend as earnings flatten
The food company rewarded its owners, including Quadrant and founders Tushar and Nishant Menon, with a $23 million dividend that outstripped its $11 million profit.
Parenting mecca The Memo scores $20 million investment
In an industry dominated by big box retailers such as Baby Bunting, The Memo’s approach is younger and more modern.
Amazon, Temu, Shein to control a third of online retail by next year
The three giants are forecast to control 36 per cent of Australia’s online retail market, forcing local retailers to pivot.
Why Shein and Temu are about to get more expensive
European lawmakers are moving to impose taxes on low-value parcels including from the Chinese online giants to protect continental retailers and producers.
AC/DC, Metallica tours prove metal is the genre that just won’t die
Families three-generations deep are buying black T-shirts as a season of heavy metal tours helps keep a once-doomed part of the music industry alive.
From Percy Pig to tea and biscuits, M&S is coming to Coles
For the first time the iconic British retail giant will offer its food products in Australia.
Not back to fashionable black, but Aje is looking up
Following a period of uncertainty and a volatile consumer market, the high-profile Australian fashion label is eyeing profitability.
Sports brand takes a punt on Melbourne – with extra security
Major UK retailer Sports Direct is opening its first store in Victoria this weekend while the state grapples with surging theft rates.
Guzman’s American growth plans face scrutiny as bigger rivals flounder
The fast food chain’s chief executive, Steven Marks, is committed to 15 stores in the mega market – but he wants revenues to rise before more are rolled out.
Aussie retailers livestream to Chinese homes to turbocharge sales
Australian exporters spent hours livestreaming to Chinese consumers to promote products for the Singles’ Day shopping spree, even as confidence stayed subdued.
Brooke Bellamy survives RecipeTin Eats scandal, eyes 100-bakery expansion
The TikTok content creator has secured a major investment from royalty in Saudi Arabia and the United Arab Emirates and wants to take her chain worldwide.
Country Road to expand beyond its own brands in biggest pivot yet
The retailer’s new chief executive Steven Cook says the fashion house will begin selling products from Jurlique to Marimekko that appeal to its customers.
Coles, Woolworths next to feel heat from ‘ask first’ Christmas ruling
Supermarket giants may have to pay back hundreds of millions of dollars for failing to ask managers if they wanted to work public holidays before rostering them on.
Domino’s Pizza touts price reset as pathway to long-term profits
Executive chairman Jack Cowin said a $70 million cost-saving program would cut franchisee fees to help them shift to a simpler, more profitable, pricing model.
Did somebody say Menulog is closing? Platform calls time in Australia
The Australian-born food delivery service became known for its expensive ads featuring celebrities including Katy Perry and Snoop Dogg.
Woolworths’ Bardwell gets to work convincing the market of turnaround
The low-profile supermarket executive told fund managers she was focused on growing private label sales and overhauling the retail giant’s complex structure.
China’s favourite tipple falls flat on alcohol bans and Gen Z’s changing tastes
Moutai, maker of national spirit baijiu, is watched as a barometer of consumer sentiment in the world’s second-largest economy. Things aren’t going well.