Poor Mother’s Day sales dims profits for dusk
Cautious consumer spending has been blamed for draining the retailer’s sales and earnings, which it now expects to be 40 per cent below the previous year.
Cautious consumer spending has been blamed for draining the retailer’s sales and earnings, which it now expects to be 40 per cent below the previous year.
The Kathmandu, Rip Curl owner’s third-quarter sales growth has defied household spending pressures, as it heads into a crucial trading period.
Newly appointed Coles boss Leah Weckert is wasting no time reshaping her leadership team.
The world’s fourth-largest maltster has swung to a loss and scrapped its interim dividend as falling beer sales and one-off costs dent its bottom line.
Using AI and data from seven million CBA customers, the bank’s groundbreaking report uncovered unusual spending patterns as the chasm between generations widens.
Shares in the world’s leading building materials supplier rallied more than 8 per cent as investors looked beyond full-year earnings and dire predictions.
Customers of the fine-dining restaurant meal delivery service will be left with $4.4m in worthless vouchers even if liquidators manage to find a new owner.
The once withdrawn takeover bid for funeral play InvoCare from TPG looks to have risen from the dead with a new, higher offer winning over conditional board support.
A Melbourne start-up has won funding from a specialist investor to harness AI in eye treatments to better predict blindness, heart attacks and strokes.
Well-heeled shoppers have returned to their favourite designer labels and boutiques with fresh exuberance and spending power after the Covid-19 outbreak.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/55