Aussie shares rise on Wall St rebound
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
Retail
Sign business spirits have lifted
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
‘Sadness’: Popular gym to close after 20 years
A popular Fitness First will close after the chain failed to secure a lease, saying it is “disappointed” with the decision.
Make or break: Desperate plea for rate cut
Retailers slammed by a slow economy are begging the RBA to cut rates before an “invaluable” six-week pre-Christmas trading period.
Full list of what’s open this long weekend
With millions of Aussies enjoying a public holiday this coming Monday, here’s what stores are staying open in each state, and which ones are remaining closed.
Hilarous fail behind US panic-buying frenzy
Supermarket shelves are being stripped bare across the US amid fears a port strike could cripple supply chains – and there’s one product everyone’s racing to buy.
Fresh blow for Coles, Woolies over discounts
Coles and Woolworths are facing a new class action headache over allegations they promoted specially-marked products with false discounts.
Single pic proves WFH is dead in the water
In the heart of Sydney’s bustling financial district, a surprising storefront has popped up. Here’s why office workers fear it’s the death knell for WFH.
‘Tough cop’: Albo’s ‘shrinkflation’ crackdown
A new phase of the supermarket crackdown is about to be rolled out, with Anthony Albanese saying Australians need “a tough cop on the beat”.
Iconic Aussie food brand reveals next move
An iconic Aussie brand has revealed a major merger with two other companies as it plans its next move.
US founder weighs in on Aussie ‘cookie scam’
The founder of the real Crumbl Cookies has hinted at an exciting update for Australian fans after a ‘scam’ pop-up emerged in Sydney.
Coles store evacuated as toilet paper set on fire
Shoppers and staff at a major supermarket were forced to evacuate when an arsonist targeted the toilet paper section of the store.
Major retailer in trouble, axes 200 stores
The well known retailer is axing some of its most recognisable brands as it tries to deal with a financial fallout.
Aussie shares retreat on mining pullback
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
Surprise reason for Aussies’ spending
August’s retail trade figures have revealed higher-than-expected growth, with experts putting it down to one surprising factor.
Twist in supermarket crackdown
A major crackdown on supermarket practices is underway, but a key element could be easier said than done.
‘Furious’: Hip suburb erupts at KFC move
Legendary fast-food icon KFC has been approved for one of Australia’s multicultural jewels, and some locals are not happy.
Wine company’s plan to take on retailers
A leading Aussie wine company has unveiled how it is taking on what they have called “misleading” conduct by retailers that leaves makers “squeezed more than the grapes”.
Shopping habit making Aussies pay more
Aussie shoppers tend to stick to one major grocery store, instead of shopping around based on price, with the act increasing the market share of major players.
’Treated as fools’: PM’s take on grocery prices
The Prime Minister says “customers don’t deserve to be treated as fools” after the findings of the largest supermarket inquiry in 15 years.
ACCC whacks energy giant with $14m fine
A corporate giant has copped a $14m fine for misleading customers over prices.
Aussie shares snap three-day losing streak
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
Major company collapses after 34 years
Another player in Australia’s food industry, which was a recognisable brand, has gone bust with 60 jobs at risk.
What’s on in Melbourne this Friday
If you manage to dodge the supermarket rush this Friday public holiday in Melbourne, there is plenty to see and do around the city.
Cheapest basket of groceries in Oz revealed
A quarterly report into grocery prices has compared the cost of a basket of groceries from Coles, Woolworths, Aldi and IGA, with one chain clearly cheaper.
Aussie shares dip lower on big bank fall
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
Simple change coming to Coles stores
The company will conduct the eight-week trial at five stores across the country.
‘Dumb’: Dick Smith’s brutal snipe at Australia
Businessman Dick Smith labelled Australia as “dumb” for not following China’s lead as it ramps up its nuclear infrastructure.
Big fine threat to supermarket giants
Prime Minister Anthony Albanese warned supermarket giants to “get your act together,” after they were accused by the consumer watchdog of price gouging.
Major Australian food company collapses
A major Australian food producer, which was once worth $130 million, has gone under.
One thing leaving Aussie companies on edge
Aussie brands have united to take on global retail behemoth Amazon in a four-day shopping event promising to save consumers big bucks.
‘Aussie Owned’: Mum calls for new food label
Aussies love supporting homegrown products, but one mum warns that the widely recognised “Australian Made” logo is not what it seems.
‘Fools’: Albo hits out at Coles, Woolies
Prime Minister Anthony Albanese says supermarket customers “don’t deserve to be treated as fools” as Woolies and Coles are called out.
Aussie shares pull back from record high
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
New work trend taking off in Australia
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
Much-loved Aussie company’s sad collapse
The owner of an Australian meal delivery service has revealed her business has ceased operations immediately.
Bold plan to change Woolies, Big W forever
An investor has proposed a way for Woolworths to increase profits, claiming they should be performing better than Coles.
Major Aus retailer sued over ‘junk’ warranties
Major Aussie retailer Harvey Norman is facing a class-action lawsuit over allegations it sold extended warranties to customers on products that turned out to be “junk”.
Popular Flybuys program to shut down
A popular New Zealand customer loyalty scheme has announced it will shut down at the end of the year – after almost 30 years of operation.
Household name brand files for bankruptcy
An iconic brand which became a household name across Australia and the rest of the world has filed for bankruptcy, citing declining sales.
Big change to Aussie ice-cream favourite
A legendary ice-cream maker has launched a new creation to its beloved stable of treats just in time for the warmer weather.
Major metro shopping centre evacuated
A busy metro shopping centre was evacuated and the riot squad stepped in after a suspicious item was found.
Reason for strange smell in bottled water
Smelly bottles of water with an odd taste were sold at a Woolworths store were likely caused by a damaged pipe where the product was manufactured.
Aussie crisis drives job loss fears
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
Aussie retail boss suddenly sacked
The managing director of a major Aussie retailer has been sacked by the business’s board for serious misconduct.
‘Fake’: Fury as ‘toxic’ company collapses
An employee at a collapsed retailer has lifted the lid on the “toxic” work environment in the lead up to the company’s demise.
Boss’ text leaked as hospo empire on brink
The text message of an embattled hospitality boss has been leaked amid revelations which have rocked his staff.
US supermarket scene will stun Aussies
It looks like an ordinary photo of a packed supermarket in the heart of NYC. But one hidden detail will stun Aussies who do their grocery shopping at Coles and Woolies.
Aussie’s fury as Temu knocks off her designs
An Australian graphic designer was left stunned when she discovered an online shopping giant was selling items eerily similar to her own.
Major change for iconic cafe chain
A popular cafe chain has announced a major change favoured by customers that will also provide a “safer environment for our staff”.
Aussie coffee shop giant goes cashless
A beloved cafe chain has made a controversial move to “create a safer environment” for staff and serve customers “more efficiently”.
Popular restaurant on brink of collapse
A famous seafood restaurant is at risk of closure while the boss has been linked to several other massive business collapses.
$13m great white shark company collapses
An Australian company that profited off protecting its users from savage shark attacks has gone bust.
Iconic Aussie brewery makes sad call
A beloved Aussie pub in the heart of Sydney has shut down, adding to a growing pile of defunct brewers across the nation.
Why lower quality meat cuts could hit millions
Australians could be in for a spate of lower quality meat cuts on supermarket shelves after one state was hit with a dry, cold winter, with crops suffering as a result.
Aussies ‘fed up’ with Coles, Woolies profits
Shareholders in Coles and Woolworths are licking their lips, but the public is still stretching every dollar further at the checkout.
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.
‘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.
Original URL: https://www.news.com.au/finance/business/retail/page/9