’Worst lolly ever’ returns to stores
Beloved lolly brand Allen’s has announced it is bringing back an iconic product, sending Australians into meltdown.
Retail
Major retailer’s ‘insane’ collapse
Its CEO revealed the current model isn’t “sustainable” and they expect no improvement in the retail environment.
Pharmacies revolt over new vape laws
Australia’s crackdown on vaping comes into effect next week – but a key change to the laws has seen an outcry from major pharmacies.
Weird incentive for world’s biggest fun run
A nationwide hunt is on to find eight people to run in the world’s biggest fun run dressed as their favourite lolly.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Brewery shuts down, industry on its knees
Yet another brewery has joined the growing pile of corporate corpses after abruptly announcing it would be shutting its doors at the end of the week.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Details of what sparked Westfield meltdown
Court documents have revealed the shocking alleged reason behind a teenage scuffle that sent a major shopping centre into lockdown
Myer’s surprise move to shake up business
Under the proposed deal, Myer would acquire Premier’s Apparel Brands including Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti.
Bold move to bring down grocery prices
Federal Treasurer Jim Chalmers says increasing competition among supermarket giants is key to placing “downward pressure on prices”.
Bird flu detected at second Sydney farm
The highly contagious and deadly strain of avian flu was detected near the first site, with authorities now required to euthanise an estimated 87,000 birds.
MasterChef bar’s ‘heart wrenching’ closure
An award-winning restaurant founded by a former MasterChef contestant has revealed the “heart wrenching” decision to close up shop – just days after being named the state’s best bar.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
Major Aussie retailer’s future in limbo
A well known Aussie retailer that had previously enjoyed a boom in sales, raking in millions, is now investigating the financial viability of the businesses.
Aussie fast food chain’s $3bn transformation
Ever wanted to own a Mexican fast food business? Well now you can, with burrito giant Guzman y Gomez going public today in a bid to take on kingpin McDonald’s.
Woolies, NAB slammed for ‘crisis profits’
Millions of people have been pushed to the brink by rising prices yet a report has revealed Aussie companies made billions from devastating world events.
Major Aussie retailer in trouble
The future of an Aussie online retailer looks uncertain after it halted trading on the Australian Stock Exchange.
Wild finding in new grocery price report
Mystery shoppers were sent into supermarkets across the country to find the store where it is 25 per cent cheaper to do your weekly shop.
Major retailer in trouble after mass sackings
A major Aussie retailer has abruptly halted trading on the stock market as it prepares to make an announcement about its ability to continue.
Aussie retailer collapses, 35 staff sacked
An estimated 60 customers who have paid for goods and services have also been impacted, while 35 staff have lost their jobs.
Hidden $1.9bn cost in common act
The “complex and opaque” charges have added to calls for greater transparency by the Reserve Bank.
Signs in Domino’s store spark outrage
Two signs in a Domino’s store have sparked a heated online debate about a dreaded fee no one wants to pay in Australia.
Major food business goes bust
A national food manufacturing business, which appears to have more than 500 staff working for it, has gone bust.
Shock as cult favourite stores to close
Less than a decade ago, Aussies stood for hours in snaking queues in a bid to buy a product from this cult store. Now, the entire industry is on life support.
Mystery as Shein cans Aussie pop up
A popular online-only fast fashion brand has made a major announcement, disappointing shoppers in one Australian city.
Major Chemist Warehouse move hits millions
A takeover deal that would affect millions of Aussies has just hit a potential roadblock.
Staggering figure Aussie workers losing
The staggering amount Aussie workers are losing in doing unpaid overtime outside their shift hours has been exposed.
Dreaded Covid-era act escalates
Costco is the latest retailer in Australia to limit the sale of eggs to customers, mirroring a restriction Aussies loathed during the Covid pandemic.
Outrage over tiny detail on packet
Coles customers have been left fuming after spotting the change on the popular snack.
Surprise win for Aldi product
An inexpensive Aldi whiskey has taken out a top honour at a prestigious international awards show.
Potentially fatal flaw in popular appliance
A popular kitchen appliance sold at department stores nationwide has been recalled over a potentially fatal flaw.
Covid-era warning no Aussie wants to hear
There are concerns that a major Australian retailer might have unintentionally encouraged Covid-style “panic buying”.
Popular brewery to shut after 36 years
The “tough times” continue for the industry with even one of the world’s biggest producers not able to make it work.
National retail chain collapses
It has stores across Australia but customers are now left in limbo to see whether they will receive their goods.
What’s open today: King’s Birthday holiday
Many stores will either close or have different trading hours because of the King’s Birthday long weekend. Here’s what’s open, and when.
New Westfield stairs ‘going to be a disaster’
Shoppers have slammed the decision to construct temporary staircases at a busy Westfield shopping centre.
‘Gut punch’: Major retailer copies bestseller
The well-known Australian retailer has been accused of creating an item that is identical but selling it for almost $70 less.
Data reveals ‘urgent national issue’
New research has exposed the extent of sexual harassment in the retail industry, in what experts have called “an urgent national issue”.
Hilarious CCTV shames dog act
Tired of thieves who just kept “coming and coming” a shop owner has found a novel way to get justice.
Horror outcome after retailer’s $45m collapse
It racked up losses totalling $66.7m in the last 19 months and now employees, customers and creditors are in for an even bigger shock.
Warning as $180 bill boost set to expire
The clock is ticking for hundreds of thousands of families to shave $180 off their power bill.
‘1,000 restaurants’: GYG’s shock $2.2bn move
Aussie fast food chain Guzman y Gomez has made a huge announcement on the future of the company which could spark a $200m expansion across the country.
90 jobs lost as bakery empire collapses
A hospitality group has collapsed into liquidation, with all seven of its business ceasing to trade immediately while 90 staff have been affected.
Supermarket reveals giant winter price cut
A supermarket giant has just announced a massive price cut on 200 products in a winter price drop designed to help Aussies keep warm in a cost-of-living crisis.
Country Road probes alleged harassment
Country Road Group has launched an internal investigation into alleged mishandling of staff complaints about sexual harassment, racism and bullying.
‘Toxic’: Damning find exposes retail giant
Products sold by a wildly popular Chinese-founded shopping giant have toxic substances “hundreds of times above acceptable levels”.
ASX drifts lower in ‘directionless’ trading
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
Entire industry crumbling into ruin
An industry insider is sounding the alarm as mass casualties hit one Aussie sector that used to be thriving, but no longer.
Aussies’ retail spending ‘grinds to a halt’
The latest retail trade figures have revealed that many Australians are keeping a close eye on their spending in the retail sector.
Concerning find at fish and chips shops
New research shows the ubiquitous ‘flake’, which is often used at fish and chip shops, might not be the fish it should be.
Grocery giant delivers epic winter price drop
The country’s biggest retailer has slashed the price on more than 450 products, to help get Aussie families through the winter. Here’s how you can save.
Popular mini golf venue closes its doors
A popular mini golf course in Sydney’s inner west has closed its doors for the last time.
Beloved butcher given the chop by Westfield
A popular butcher given the chop by Westfield for “no reason” says the shock decision will cost him up to $4 million.
High-profile Aussie fashion label goes bust
A high-profile Australian fashion label that dressed the likes of Taylor Swift and Dua Lipa has gone into administration.
‘Nightmare’: Trendy shop detail sparks fury
An unusual row has erupted between two trendy gift stores, and the pictures certainly paint quite the story.
Proof Temu has officially taken over
Consumers are well and truly hooked on Chinese e-commerce giant Temu, with the company posting its latest insane profits on Wednesday.
Woolies boss’ big call on monster profits
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
Huge safety hazard found in kids toys
A line of popular baby toys and accessories sold across multiple Australian stores and online have been recalled after major safety hazards were found in the products.
4WD businesses admit to price fixing
Two manufacturers of four-wheel drive accessories have admitted to engaging in illegal conduct over the prices of their products.
Tool sold at Bunnings pulled from shelves
A multipurpose tool that staples and nails has been recalled from stores across the country after it was revealed it can discharge unintentionally.
200 sacked as restaurant chain collapses
A fine dining restaurant chain which owes $23 million to creditors has ceased trading while all 200 staff have been terminated.
Dangerous Temu warning issued to Aussies
Australian people have developed a new, $1.4b addiction to Temu, which seems harmless, but an Australian business expert warns about its potential risks.
Small grocers ‘crucified’ by Woolies, Coles
Independent supermarkets are being forced out of the market when Woolies and Coles moves to town, an inquiry has been told.
Woolies declines apology over price surges
A Woolworths executive has said while the company empathises with those hit by the cost of living crisis, the supermarket hasn’t “done anything wrong”.
Urgent recall of Coles, Woolies product
A popular soft drink product has been recalled from Coles, Woolies and Dan Murphy’s.
‘Rattled’: Shop lock down after knife fight
Shoppers have described being locked down in Perth’s biggest shopping centre after a terrifying knife incident that left one man with a slash to the face, with two people on the run.
Brazen tradie’s $12k meat theft spree
A tradie has been caught pinching thousands of dollars’ worth of meat from a supermarket chain – as the company reveals its huge response.
Coles’ big change in fruit and veg aisle
A major Aussie retailer has made a green-thumbed move, with an orange twist, that most shoppers are likely to approve of.
Caravan builder collapses owing $1.1m
The designing and manufacturing business abruptly went bust, leaving creditors out of pocket.
Urgent recall on luxury car range
The luxury car models are at risk of overheating and setting alight, the recall notice claims.
Brewery collapses, doors close forever
A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole.
Woolies workers to score 4-day week
Thousands of retail workers can look forward to more work-life balance after union talks close in on an agreement.
Push to make unfair food prices illegal
Coles and Woolworths are setting unfair prices and abusing their market power to short-change suppliers at the detriment of consumers, according to a senate inquiry.
‘Bad, different’: Union steps up Aldi fight
One of Australia’s most powerful unions has set its sights on supermarket giant Aldi, promising to pursue the business “relentlessly”.
ASX climbs as RBA board discusses rates
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
Aussie farmers’ unique snack makes $5m
A snack company ran by Aussie farmers has raked in a staggering amount in sales after landing a deal with a major supermarket.
Popular fast food restaurant shuts down
The last remaining NSW store of a once-popular fast food chain appears to have been forced to shut down after the landlord repossessed the property.
Picture that proves iconic suburb is dying
One of Sydney’s iconic streets has been “destroyed”, with one business owner claiming there are now so few visitors “you could lie down naked” in the middle of the road.
New KitKat flavours create ‘boujee’ moments
Chocoholics around Australia should get ready to take a break and enjoy the new flavours of iconic chocolate bar KitKat.
Original URL: https://www.news.com.au/finance/business/retail/page/11