Today
Freight collapse leaves Nick Scali furniture stranded, profits at risk
The failure of Lion Global Forwarding meant 200 containers were stuck at port, with the retailer warning for the second time in a month of an earnings hit.
- Carrie LaFrenz
Walmart lifts annual forecasts again, sees Trump tariff headwinds
Shares in the world’s largest retailer surged to a record high in New York, as it lured ever more affluent Americans to shop in-store and online.
- Ananya Mariam Rajesh and Aishwarya Venugopal
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
Proxy firm tells Kogan investors to vote down exec pay
Ownership Matters told its clients to also vote against the re-election of James Spenceley following a questionable options deal earlier this year.
- Carrie LaFrenz
This Month
- Opinion
- Chanticleer
The moment the ACCC boss put the heat on Woolies
The competition regulator is clearly sceptical about the way the supermarket giants use discounts, and whether the market is really competitive.
- James Thomson
- Exclusive
- Private equity
Greencross names new CEO as TPG eyes exit path
The new chief executive of the vet clinics and Petbarn and City Farmers pet stores arrives amid intense competition from Woolworths and other big retailers.
- Carrie LaFrenz
Anacacia Capital goes shopping with homewares wholesaler Florabelle
Street Talk understands the $800 million private equity firm has invested in 42-year-old operation Florabelle alongside its founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cettire suffers from soft trade in luxury goods
CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.
- Carrie LaFrenz
Coles chairman says cost of living has been ‘politicised’
James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.
- Updated
- Carrie LaFrenz
Quadrant strikes $500m deal to offload outdoor phone group Quad Lock
The Melbourne-based business will be acquired by Swedish giant Thule. It makes products that lock phones to bikes, boats and cars used on tough terrain.
- Carrie LaFrenz
Sacked Smiggle executive John Cheston faces loss of $4m in shares
The board of Solomon Lew’s Premier Investments has unanimously recommended shareholders strip him of stock handed over as part of executive incentives.
- Kylar Loussikian and Carrie LaFrenz
- Exclusive
- Supermarkets
Red flag over Choice’s taxpayer-funded grocery price watch
The consumer advocacy group has overstated the difference in prices between the big supermarkets and discount store Aldi, a Wall Street investment bank says.
- Carrie LaFrenz
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
- Opinion
- Chanticleer
Chemist Warehouse/Sigma squeeze spicier than a Guzman y Gomez burrito
Hold on to your hats! Chemist Warehouse’s arrival on the bourse serves as a case study in the dark arts of index inclusion.
- Anthony Macdonald
PM calls Trump; Chemist Warehouse to merge; NAB arrears surge
Read everything that’s happened in the news so far today.
Consumer giants sceptical of China’s economic recovery
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence.
- Richard Milne, Madeleine Speed and Oliver Ralph
How Mecca outfoxed Sephora in the Australian beauty glow-up
For 10 years, the retail rivals have faced off. One is the clear winner, but the other is still opening stores and has the weight of LVMH behind it.
- Lauren Sams and Carrie LaFrenz
- Analysis
- The Breakdown
Why Amazon was the big tech AI winner this earnings season
Alphabet, Meta, Apple and Microsoft were sold off after their artificial intelligence-laden results calls, but the online retailer had a better story to tell.
- Paul Smith
October
- Opinion
- Opinion
Political leaders need to stop criticising big companies
In some quarters, profit seems to have become a dirty word – but profitable businesses are essential to Australia’s prosperity.
- Michael Chaney
- Updated
- Supermarkets
Coles bets on fewer but steeper discounts to lure shoppers
Unlike its larger rival Woolworths, the average price at the company’s stores continues to increase – although at a much slower pace than previous quarters.
- Updated
- Carrie LaFrenz