Bonds owner: Aussie market becoming ‘difficult’
The US owner of iconic Australian brand Bonds has singled out the Australian economy as particularly difficult with a sharp pullback in consumer spending.
The US owner of iconic Australian brand Bonds has singled out the Australian economy as particularly difficult with a sharp pullback in consumer spending.
The boss of the nation’s largest brickmaker has warned any review of the migration intake needs to prioritise bringing in tradies to help the housing crisis.
Once the hottest retail brand in town, Culture Kings’ goodwill has gone from $400m to zero in two years as it is forced to heavily discount stock.
The sight of police vaulting the fence of a well-known pharmacy owner’s trophy home and carting away luxury cars including three Ferraris, has neighbours’ tongues wagging.
The move to sell popular cleaning products in bulk will be a direct challenge to supermarket heavyweights Woolworths and Coles as well as Costco.
The South African owners of Country Road Group say the sombre conditions now engulfing the retail sector have worsened, with its own sales growth collapsing.
Cosmetics giant Estee Lauder has warned rising interest rates and cost of living pressures in Australia will put a damper on sales of luxury discretionary items such as make-up.
The nation’s largest fashion retailer says a planned 4c levy on all garments to fund a recycling scheme is badly designed and could cost up to $500m a year to run.
The backlash from parents and responsible drinking groups over the launch of alcoholic beverage Hard Solo, which was deemed too close to the Solo lemonade drink, has seen it renamed.
Australians will set money aside to splurge on themselves, family and friends this Christmas, says the boss of the country’s largest independent supermarket chain.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/32