ASX finishes month on positive note
The Aussie share market finished the week, and the reporting month of August, in the green as it marked the third straight week of gains.
Retail
‘Flatlining’: Grim news for Aussie retailers
Retailers are worried they face a tough Christmas trading period, as Australians continue to resist spending up during a cost-of-living crisis.
Iconic Aussie brand’s ‘irreversible challenges’
Trying to make money from delivering letters in 2024 is a tough slog, as Australia Post’s financial results show.
Aussie retailer collapses owing $35m
A prestige Australian fashion brand which boasted some major A-list celebrities like Taylor Swift among its customers has gone into liquidation.
Leaked email as F45 gyms collapse
Two more F45 Training gyms have closed as woes deepen for the embattled Australian fitness chain which was once on top of the world.
Man’s stupid ‘hack’ to steal from Woolies
A man has been caught using a bizarre technique to shoplift hundreds of dollars worth of groceries from his local supermarket.
Energy stocks lead to dip in ASX
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
Aussies’ love of Kmart dupes boosts profits
Despite the cost-of-living crunch, buyers flocked to Kmart and Bunnings to pick up bargains, leading to a strong profit for parent company Wesfarmers.
‘Went crazy’: Coles’ infuriating move
The average supermarket checkout now has “better security than a Supermax prison” – and it’s helping profits soar in a cost-of-living crisis.
Worrying sign Aussies already in ‘recession’
Amid a cost of living crisis beleaguered Aussies have been warned to brace for an “economic horror show” up until Christmas.
‘Rip-off’: $2.75 Telstra cash fee stuns
Plenty of Australians still regularly use cash, but it keeps getting harder for those like this man who was amazed to be charged for paying his Telstra bill.
National retailer goes bust after 40 years
A retailer that was one of Australia’s first major MLM schemes has gone bust after decades in business.
Woolies profit plunges despite sales increase
Woolworths Group has announced a dire $108m net profit, a 93 per cent drop on last year.
‘Too expensive’: Gym collapses, staff hit
A gym that opened less than a year ago and which was run entirely by ex-prisoners to give them a second chance at life has collapsed.
Coles’ surprising take from every $1 spent
The boss of one of Australia’s two supermarket giants has been grilled on the behemoth’s profit margins.
Company collapses, customer deposits gone
The business belonging to a man twice named Young Australian of the Year, and who was later convicted of fraud, has collapsed with debts exceeding $1 million.
Aussie shares jump on Fed cut fever
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
Urgent safety recall for popular bike
An urgent recall has been issued for a popular bike after a flaw was detected that could lead to ‘serious injury’.
‘Broken my heart’: Aussie brand collapses
An Australian fashion brand has collapsed into voluntary administration as the owner is forced to repossess her car.
National chain collapses owing $21m
The debts of a disgraced national restaurant chain that collapsed have snowballed past the $21 million mark as authorities take action.
Australia’s top rated supermarket revealed
Satisfied customers have crowned this supermarket the best for the 7th year in a row.
Whiskey sold at Dan Murphy’s recalled
The liquor sold across Australia has been urgently recalled because of undeclared allergy concerns.
‘Terrible year’: Domino’s financials fall flat
Domino’s investors opening the yearly results are having a tough time digesting the cold, soggy returns.
Dire warning for ‘stagnant’ Aussie jobs
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Huge cost of cyber attack revealed
Small Aussie businesses have glaring holes in their cyber security, and it’s costing them dearly as tougher penalties take effect.
China blow to cost Australia billions
Chinese manufacturing, and it turns out Chinese babies, have left their mark on the ASX on Monday despite the market closing up.
Major update after Booktopia collapse
Struggling book retailer Booktopia has been purchased by an electronics businessman after falling into voluntary administration earlier this year.
Domino’s mind-boggling new pizza ‘experiment’
Foodies unable to decide between snacks this grand final season are in luck with the launch of a new “experimental” pizza.
One group keeping cash alive in Australia
A new report has made surprising findings about the use of cash and the number of businesses accepting cash in Australia.
Aussie shares end week up
Steadfast on not cutting rates anytime soon, the RBA governor’s comments have done little to dampen the mood on the ASX on Friday.
‘No doubt’: Explosive CFMEU claims
Shocking claims about the controversial CFMEU have been made at a hearing into Australia’s cost-of-living crisis.
‘Devastating’: Popular bakery shuts stores
A popular pastry chain is set to shut its doors in one major city, citing rising costs and a tough economic climate for the shock decision.
Resilient consumer sector lifts Aussie shares
Bumper results from a bellwether retail giant injected renewed confidence into the Aussie sharemarket on Monday.
Bunnings item recalled over child death fears
A common item sold at Bunnings Warehouse stores across the country has been recalled over fears it could seriously injure or kill young children.
Teen’s ‘impulsive’ act that made her millions
A hugely successful young Aussie has revealed the “impulse” decision she made as a teenager that led to her running a multimillion-dollar business.
Fears major Aussie retailer in big trouble
Its shares slumped after a major announcement from the retailer which employs 4000 staff and has 700 stores.
Popular snack sold at Coles, Woolies recalled
A popular snack sold across the country has been recalled after an undeclared allergen was discovered.
Supermarket cuts cost of thousands of items
A major supermarket has dropped the prices of thousands of essential items as customers struggle with the cost-of-living crisis.
‘Nowhere to hide’: ASX loses $59bn
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
‘Sack her’: Fury over Officeworks saga
Angry Aussies are demanding an Officeworks manager is fired after denying service to a Jewish customer, but the company says she is deeply remorseful.
Fresh push to get Aussies back to the office
There is a fresh push for workers to return to the office as new data reveals the toll it’s having on Australian cities.
Officeworks staffer rejects Jewish customer
A Jewish customer has been refused service by an Officeworks employee declaring “I’m pro-Palestine”, video shows.
Supermarket drops price of household staple
Cheese toasties are about to be a lot cheaper after a supermarket giant slashed the price of a popular fridge item.
Model breaks silence after Adidas pulls ads
Supermodel Bella Hadid has addressed her controversial Adidas ad campaign, which was pulled following backlash from Israel.
Beloved burger chain collapses
The burger chain, which had plans to open 300 stores in Australia, has gone into voluntary administration with hundreds of employees affected.
‘Really tough’: Dark storm hitting Aussies
There’s a growing cloud of insolvencies ripping through Australian business and one cafe owner says he can’t catch a break.
Woolies unveils major update for shoppers
A major transformation is underway at Woolworths, as shopping habits shift amid a cost of living crisis.
Question that sparked global empire
One of Australia’s most iconic surfing brands was started with an eight-word question. From there, it grew into a global empire.
Recall issued over chemical fears
A series of popular frozen products have been recalled because of potential chemical contamination fears.
Bunnings to host unexpected event
The iconic retail giant has confirmed it will ‘bring the decks’ and host an unexpected event after a social media push from a well-known Aussie band.
Death fears spark safety recall
The popular product used to prop up vehicles has been urgently recalled over fears it could cause fatalities.
Staff at major retailer brace for worst
Widespread job cuts throughout a major retailer could be imminent as the company prepares to undergo a restructure.
Bunnings hits back on lead poisoning claim
Bunnings has hit back at claims from union workers they may have been exposed to dangerous lead levels after purchasing products at one of its stores.
Woolies drops ‘magic’ surprise for shoppers
Shoppers at one of Australia’s biggest supermarket chains are in for a surprise with the unveiling of a new limited-time promotion.
Ikea urgently recalls popular item
Users of the product, which has been available in Ikea stores across the country as well as online, are warned about the prospect of serious injury.
Woolies makes big move on EVs
A big change coming to an Australian supermarket change could breathe new life in a once iconic local industry.
‘We apologise’: Adidas pulls supermodel’s ads
Adidas has apologised for an ad campaign featuring supermodel Bella Hadid following backlash.
Major update after REDcycle collapse
The ACCC gives Coles, Woolworths and Aldi the okay to push on with their soft plastics recycling program after the collapse of REDcycle.
Popular brand to close 17 stores
Accent Group will close half of all Glue Store locations across Australia.
Popular skincare product recalled
The popular product had been available at Priceline stores across the country but has now been recalled due to a possible allergic reaction.
TV chef’s restaurant racks up $1m debt
A celebrity chef’s newly launched hospitality business has struck a deal with creditors after being unable to pay nearly $1 million of debt.
Beloved Aussie brand fined $100k after recall
Thousands of garments from a popular clothes brand were sold without proper fire warnings, the consumer watchdog says.
Man’s bizarre late-night Woolies act
A man has faced court after he was arrested over a bizarre incident inside a Woolworths involving hundreds of dollars worth of meat.
Major Aussie company $60m in debt
The company collapsed this month, with bosses rejecting suggestions that it was trading while insolvent.
Inside the world of beauty dupes
Welcome to the world of beauty dupes, where copycat products piggybacking off high-end brands have garnered global cult followings in the millions.
US find will enrage cash-strapped Aussies
It’ll make you see red but US shoppers can buy an Aussie made supermarket staple for less than you’ll find at Coles and Woolies for the identical product.
Item Aussies buying as cost of living bites
A nostalgic food item is returning to the dinner table as Aussie shoppers hunt for the best value for money products in their weekly shop.
Woman blasts Coles after confrontation
A shopper accused of stealing at the self-service checkout has blasted Coles in video that’s gone viral on social media.
If you whinge about this, you’re a flog
Surely we can live one day without going to the supermarket? If you don’t agree with this retail ban, sorry, but you’re an absolute flog.
Major retailer facing court over credit scheme
The consumer watchdog alleges popular Aussie chain ran ‘false or misleading’ promotions that promised store credits.
Children’s PJs pulled from H&M stores
Children’s pyjamas have been pulled from the shelves of H&M stores around Australia for failing to pass fire safety standards.
KFC entry triggers fury on famous street
Locals in one multicultural jewel are clucking with anger over plans for a new KFC restaurant in the area, with fears “little guys” could be pushed out.
‘You’re addicted’: Fiery Anzac Day move clash
A decision to ban retail trading on Anzac Day next year has sparked an awkward debate between Karl Stefanovic and a retail expert.
Bunnings shoppers outraged over ‘sick’ act
An Aussie dog owner has left Bunnings shoppers fed up and disgusted after dog poo was left scattered throughout an aisle.
Huge change for Kmart, Target customers
Customers wanting a refund after changing their mind about a purchase from Kmart or Target need to be aware of this new change.
Customers steal after company collapses
Australian customers have been left out of pocket by almost $7 million, but the chain’s collapse also resulted in verbal and physical abuse.
Woolworths called out for backflip
Woolworths will now sell Australian flags after the supermarket giant boycotted Australia Day merchandise in January.
Urgent recall of popular kitchen appliance
A popular kitchen appliance is being urgently recalled from major retailers over fears it could catch fire while in use.
Restaurant goes bust in major collapse
One of the last pillars of an award-winning Queensland chef’s hospitality empire has gone bust, just a month after seven other sister venues collapsed.
Major hotel announces sudden closure
A major hotel in one Aussie city is about to undergo a massive change that will see the global hotel chain cease trading.
Original URL: https://www.news.com.au/finance/business/retail/page/8