Pandemic hits Lovisa in UK
Lovisa UK directors warn the spread of the pandemic will hurt its performance into the new financial year.
Retail
Small retailers struggle in US holiday season
Total U.S. retail sales edged up due to digital spending, but results came in below some forecasts.
Boxing Day bonanza with consumers ready to spend
Households have more cash and demand for home and food items is likely to be strong as the sales begin.
Customers chase orders, refunds as lingerie shop goes bust
Shocked customers of collapsed Brisbane lingerie retailer Big Girls Don’t Cry are now chasing refunds on orders.
Woolies limits toilet paper sales in Sydney
Woolworths is reintroducing buying limits at around 200 of its supermarkets in the Greater Sydney area to prevent panic buying.
50 jobs lost, $2m owing as lingerie retailer goes bust
A popular Brisbane bra shop has gone bust leaving 50 staff out of work just before Christmas. The tragic story behind its demise can now be revealed.
Mystery expenses keep Ikea out of profit
Ikea booked a record $1.5bn COVID-fuelled sales bonanza in Australia this year, but it’s also failed to make a profit for the fourth year running.
Concerns raised over Woolies taking stake in PFD
Letter to suppliers sent to ‘alert them to the potential competition implications’ of allowing Woolworths to take a stake in PFD.
City Chic Collective expands into UK
Evans is part of Phillip Green’s collapsed Arcadia Group in Britain and gives City Chic a foothold in Europe.
Clothing ads wear thin with watchdog
Lycra empire Lorna Jane and its founder will face new court action over allegations ‘antibacterial’ activewear claimed to stop COVID-19 wasn’t even tested.
Australians embrace online shopping ahead of the holidays
Almost three quarters of Australians will do their holiday shopping online this year, continuing an e-commerce boom that started with COVID lockdowns.
Season drives up classic car prices
As you know the prices of prawns go up the closer it gets to Xmas. Classic cars are the same.
Haircare chain sues franchisees over leaks
National haircare chain Price Attack is suing former franchisees alleging they leaked confidential financial information.
Home renovations light up Beacon sales
The rush to set up home offices and refurbish homes during COVID-19 has helped put a rocket under Beacon Lighting sales and earnings.
Beauty group SILK Laser makes ASX debut
Cosmetic beauty business SILK Laser Clinics ended its first trading day on the local sharemarket at $3.58, four per cent higher than its listing price.
Franchisees misled: Retail Food Group legal action
Queensland company Retail Food Group will face court for acting ‘unconscionably’ when selling or licensing 42 loss-making corporate stores to franchisees.
Watchdog worried by Woolies’ supply deal
The ACCC is concerned that buying 65pc of PFD will give Woolworths too much power when dealing with food makers.
Shops bracing for boom or bust
Retailers that underperform over the key Christmas holidays could be forced to close their doors for good in the new year.
‘We’re not going back to how we were’
The more we can boost productivity, the greater and longer lasting the benefits to the economy, says Sigma chief Mark Hooper.
Profit prediction helps Michael Hill sparkle
Jewellery retailer Michael Hill International is expecting its first-half earnings to be strongly up on last year.
Original URL: https://www.theaustralian.com.au/business/retail/page/111