The competition regulator, Coles and Woolworths have agreed on some ground rules heading into the blockbuster trial where the ACCC alleges the supermarket giants used fake or illusory discounts on 500 popular grocery items.
Private equity-backed Amart will buy Freedom Furniture from Greenlit Brands to create a $1bn home furnishings retailer.
Once a market darling worth more than $1.8bn, shares in Cettire have tanked 85 per cent the last year and a new earnings miss – partly blamed on US tariffs – has investors worried it could be forced into raising capital.
Coles has begun the long task of refreshing its health, beauty and home aisles as it looks to claw back an estimated $400m in sales lost to non-supermarket rivals.
The gourmet food company inspired by celebrity chef Maggie Beer has sold a struggling dairy business, but only after accepting a huge multimillion-dollar loss.
Fashion house Hermes has doubled its Australian profits in the past five years as appetite for its arm candy renders it impervious to the cost of living pinch.
After a scandal that led to a Country Road store defaced by protesters, struggling sales and a brand reinvention, the boss of Country Road Group Raju Vuppalapati has resigned.
Coles will slash prices on a basket of groceries and supercharge it with bigger FlyBuys rewards as the grocery basket war between it, Woolworths and Aldi pays off for shoppers.
As barista-brewed coffee gets more expensive, people are increasingly turning to premium instant coffee blends to drink at home, while younger people are embracing coffee concentrate for homemade iced coffees.
Meet Lee Li, the mysterious Chinese-born founder who everyone is talking about, as he turns Australians’ love affair with trendy skincare into a $200m empire.
The working week of chief executives is rarely defined, but big investors have taken aim at the Tesla boss for going missing.
Billionaire retailer Brett Blundy has launched his new sleepwear, lingerie and beauty brand Léays with a catwalk at the Sydney Opera House steps.
All Myer needed was purpose and the retailer’s boss, Olivia Wirth, has a plan to do just that.
Inflation has hit groceries much harder than airfares, new data shows, and that’s helping the travel industry defy the sometimes crippling increase to the cost of everyday living.
While Liberals readily agreed to some of the Nationals’ policy demands, some viewed the party’s divestiture powers push as being anti-business.
Mecca is promising to report its overdue key financial details ‘soon’ as the corporate regulator weighs concerns over the company failing to lodge its accounts since 2022.
She arrived in the Pilbara as a young child from Macedonia and spoke no English, but her father’s dream that Australia held better opportunities has been realised as Aleks Spaseska takes the reins at retail giant Kmart Group.
Just days out from Myer executive chair Olivia Wirth’s much-awaited strategy day with investors, the retailer has revealed poor trading figures and a list of ills now hitting the retailer.
Wesfarmers chief Rob Scott says taxing unrealised gains on superannuation balances over $3m could set a precedent that is deleterious to the national interest.
Woolworths boss Amanda Bardwell this month unveiled a $100m investment in lower shelf prices to bolster its competitive credentials, but this could drag Aldi and Coles into battle mode.
One of Australia’s largest motorcycle retailers, which has dealerships across four states, has collapsed into administration, putting at risk around 400 jobs.
Under-pressure developer Lendlease has literally struck a deal with royalty, but this alone won’t impress markets.
New Domino’s boss Mark van Dyck is continuing to sever links with the past at the pizza maker with former boss Don Meij’s sister Kerri Hayman leaving the business after 37 years.
Chemist Warehouse’s merger with Sigma in February created a $34bn company and most of the shares are owned by suburban pharmacists now worth millions, financial records show.
Motorcyclists speeding inside a ‘globe of death’, wrestlers and UFC fighters are helping the Australian-born US-owned sneaker chain Culture Kings chart a path back to growth after a tough few years.
Amid a cost-of-living crisis and political attacks on supermarket profit gouging, Woolworths says it will slash prices on almost 400 common grocery products.
Some people just weren’t made to gracefully retire, and Dan Murphy’s co-founder and wine merchant Tony Leon is not one for the golf course, so he’s back in the wine game with a new venture.
Super Retail, which has racked up headlines for an alleged illicit affair between its CEO and a former executive, has warned shareholders of weaker margins and a cost blow out.
JB Hi-Fi has booked solid but slowing sales growth, while Temple & Webster has reported an upbeat update.
Pair who used a ‘strike board’ system to punish staff who made mistakes in their eateries now face a bill nearing $1m.
Original URL: https://www.theaustralian.com.au/business/retail