Estee Lauder warns on slowing Australian market
Cost of living pressures have put a handbrake on growth as consumers rein in their spending on skincare, perfume and lipstick.
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Shoppers increasingly using Flybuys to cover groceries
Shoppers at Coles are swapping Flybuys points for groceries as the popular rewards program is used by households to stretch budgets.
‘Cross shopping’ a boon for indies
Metcash boss Doug Jones believes independent chains are winning from the rise of ‘cross shopping’ by budget-savvy consumers, who are visiting different retailers to fill their shopping baskets.
Cotton On restructures as sales retreat from record high
Cotton On has cut its store numbers and forged a structural split of its fashion empire, but the Geelong-based company remains hugely profitable.
‘Profit seems to be a dirty word’: Retail giants lash out
The nation’s two largest retailers have pushed back against official probes, with Wesfarmers chair Michael Chaney hitting out at the anti-profit rhetoric levelled against some of Australia’s biggest companies.
New ‘must have’ tech releases driving JB Hi-Fi sales
Consumers determined to have new plasma TVs and the latest iPhones are buffeting JB Hi-Fi from the cost of living crisis hitting other retailers, its chief says.
Coles pours another $880m into robotic supply chain
Coles is ramping up investment in its supply chain that stretches from the farmgate to the consumer’s front door, as sales rose less than Woolworths but didn’t result in a profit warning.
Wesfarmers defends profit as its big earners thrive in tough times
Bunnings, Kmart and Target are ‘resilient’ in the face of a difficult economy, Wesfarmers chief Rob Scott says while its chairman defends the idea that profit is a ‘dirty word’ to shareholders at its AGM.
Woolworths downgrade rattles retailers
The nation’s largest retailer has surprised the market with a profit warning about slowing sales growth at its supermarkets as shoppers pull back.
Myer, Premier in retail asset swap
Myer has launched its ambitious growth plans by buying a portfolio of fashion brands from Solomon Lew and paving the way for the former Coles Myer chairman to return as a director.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/22