Country Road’s sales even worse as shoppers feel the pinch
Country Road Group has continued its sales dive, now down more than 13 per cent as the tough trading environment slams the brakes on fashion shopping.
Country Road Group has continued its sales dive, now down more than 13 per cent as the tough trading environment slams the brakes on fashion shopping.
Coles chair James Graham has taken a swipe at the nation’s politicians, accusing them of ‘politicising’ the cost-of-living crisis to attack supermarkets.
Appearing before the ACCC inquiry into supermarkets, German retailer Aldi has requested its responses to questions about sales and profitability be shielded from the public and competitors.
Aussies are increasingly turning to sparkling wine and cheaper alcohol sold in large value packs and the cost of living pressures is affect Dan Murphy’s and BWS’ bottom line.
Cash-strapped drinkers are reaching for more affordable drinks options to save money, while the excessive tax on alcohol is taking a toll, Diageo’s local boss Dan Hamilton says.
The ACCC has begun public hearings for its inquiry into the supermarkets sector, although it won’t take evidence on the current court case on alleged ‘fake discounts’.
Australian kitchen appliances maker Breville says it will build up its inventory in the US as a bulwark in case a trade war breaks out and will wind back production in China.
The new boss of Domino’s Pizza has a number of challenges, including improving franchisee profitability and lifting struggling sales in its key Japan and Germany markets.
The average Aussie is expected to spend $819 this Christmas on gifts and celebrations, with the rise of machine learning and AI to be a key source of gift recommendations for shoppers.
This week’s US Presidential election will dominate investor thinking as the RBA is tipped to leave rates unchanged on Melbourne Cup day.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/21