Brisbane bike retailer to open 13 new stores
AS his father’s travel empire struggles with global border closures, Matt Turner’s 99 Bikes is expanding as people look to two-wheels during COVID-19.
Retail
Australian Fashion Labels rescued by prominent local buyer
Australian Fashion Labels is back in business with a saviour coming from left field with a plan to revitalise the business.
Retail ‘best in 60 years’, says Gerry Harvey
Harvey Norman’s co-founder says retail ‘has never been as good’, with profits and dividends rising, but he’s not repaying JobKeeper.
Kogan.com lifts profit, passes 3m customers
The online shopping boom in the pandemic has helped Kogan.com boost its dividend after an almost threefold increase in profit.
Lockdown lifts Taco Bell and KFC stores
A number of fast food chains have reported upbeat earnings and sales through the pandemic.
Lockdown dividend for Temple and Webster
Everything Temple and Webster touches turns to gold as the retailer wins big on the back of Covid-19.
MotorCycle Holdings revs up profits
MotorCycle Holdings’ profits are zooming along like a well-oiled machine, but the company says it did it tough last year and isn’t giving JobKeeper payments back.
DJs back with fine balancing act
The owner of David Jones and Country Road is back in the black but warns its outlook is clouded by the uncertainty of lockdowns.
Bega wins trademark fight with Fonterra
Legal battle ends with a court ruling Bega can use its own brand on a range of new products, outside a 20-year deal with Fonterra.
Youth retailer to return JobKeeper amid record clothing sales
YOUTH apparel chain Universal Store says it will repay the multimillion-dollar JobKeeper subsidies it received last year after booking record first half sales and profitability.
Much leaner Flight Centre back from the brink
Flight Centre has revealed a $317m loss but boss Graham Turner says slashing costs and pent up demand for local travel is keeping it alive.
Athlete’s Foot kicks goals at shoe retailer
Accent Group, the operator of Athlete’s Foot, Trybe and Platypus shoe outlets, plans to open 90 new stores this year after record profit.
Bega braces for trademark ruling
Bega now has a more profitable product mix, fuelling a doubling of net profit, but is yet to shrug off its legal troubles.
Westfield owner in $3.7bn loss amid shift from malls
Scentre aims to be more than a landlord, with moves like click and collect services for retailers, as it recovers from the pandemic.
Woolworths sets date for $10bn drinks split
Woolworths says it is pressing ahead with split of its drinks and hotels business as the retailer announced a $1.1bn first half profit.
Fantastic Furniture float plan revived
Retail chain owner Greenlit Brands has breathed new life into stalled plans to float Fantastic Furniture, as profits rebound.
Adore Beauty looking good in lockdown
Adore Beauty revenue of $96.2m was 8 per cent ahead of prospectus forecasts.
Books flying onto shelves as Booktopia demand rockets
Enthusiasm for ordering books online isn’t just the result of the global health pandemic, and Australia is accelerating to catch up.
Specialist retail needs targeted support
Our economic recovery remains uneven, and thousands of retail jobs are under immediate threat as the JobKeeper scheme winds up.
Pandemic shapes Shaver Shop’s success
Not everyone grew their hair in lockdown. As salons closed, home grooming sent Shaver Shop sales and profits into record territory.
Original URL: https://www.theaustralian.com.au/business/retail/page/108