Lovisa reinstates dividend, expands store network
A second wave of Covid-19 in Europe hasn’t stopped the jewellery retailer from expanding its store network while reinstating its dividend.
Retail
Chicken is back and Inghams is crowing
Poultry producer Inghams has returned to growth amid a recovery in demand for chicken after a pandemic hit.
Gucci hit hard by lack of tourists
Fourth-quarter results mark a sharp turnaround for the fashion house after years of outperformance.
Beacon profit shoots the lights out
Beacon Lighting turns on a stellar profit rise as home renovations boom, helped by customers’ unfamiliarity with its products.
Wesfarmers upbeat on outlook
Wesfarmers chief executive Rob Scott says he is more confident about the nation’s battle against COVID-19.
Wesfarmers unveils strategic shift
The change in capital balance, taking $800m from retail to invest in chemicals, comes ahead of Wesfarmers’ lithium expansion.
Coca-Cola reveals a Covid fizzer
Coca-Cola Amatil’s annual profit has more than halved as COVID-19 severely disrupted consumption of soft drinks and bottled water.
Fast food czar makes $170m in one day as pizzas reign supreme
The biggest investor in Brisbane-based Domino’s made so much dough on the sharemarket today that if he wanted to he could buy a pizza for every single person in Australia and New Zealand.
Limited stock on shelves impacts discount retail chain
The Reject Shop is bracing for earnings losses in the months ahead as stock issues, border closures and reduced foot traffic hit its retail sales.
Coles boss wary retail lift will not last
Coles boss Steven Cain has taken aim at the effervescent mood of the nation’s retailers.
Great outdoors sends Super Retail soaring
A boom in domestic tourism and outdoor recreation, plus online shopping, helps the retail group more than double its profit.
Autobarn owner’s profit soars in scramble for roof racks
Demand for roof racks going through the roof, as more Aussies take road trips in the pandemic, fuels profit boost for the owner of Autobarn and Autopro.
New tech ‘now a staple’: JB Hi-Fi
Retailer JB Hi-Fi has hailed an ‘extraordinary’ period of surging earnings in the pandemic, as it nearly doubles its dividend.
Amazon clicks with Aussie online buyers
Amazon is back on top as the most visited retail website through November’s Black Friday sales and Christmas trading, nudging Bunnings into second place.
Pandemic no problem for Baby Bunting
Sales of infant products have proven resilient, with Baby Bunting posting a 54.7pc leap in half-year profit, as online sales surged.
Buying limits return in Victoria
Coles has announced buying limits for 26 different product lines in response to Victoria’s snap decision to go back into lockdown.
Culture Kings eyes US expansion
Streetwear retailer Culture Kings is looking at a potential US partner but hosed down speculation it is close to sealing a $600m deal.
$250m Qld retail hub to house Australia’s biggest ever Spotlight
The country’s biggest Spotlight shop is under construction in a $250m southeast Queensland retail hub that will also feature Harris Scarfe and Anaconda.
Revealed: More H&M stores to close
Retail giant H&M is set to shutter seven stores including prime sites in Sydney and Brisbane as it seeks to slim down its footprint.
New lingerie boss reveals all after customers, staff left in lurch
The new owner of the Big Girls Don’t Cry (Anymore) lingerie business says it’s planning an eventual US roll out of the brand that collapsed late last year with debts of more than $2m.
Original URL: https://www.theaustralian.com.au/business/retail/page/109