‘Disaster’ as ASX-listed retailer collapses
Heavy discounting, competition from Kmart and Big W and a $12m gamble were signs of a “road to ruin” but another “disaster” is looming from the failure.
Heavy discounting, competition from Kmart and Big W and a $12m gamble were signs of a “road to ruin” but another “disaster” is looming from the failure.
A major supermarket boss says the price of eggs will “definitely” increase and the distortion could last for up to three months.
A major confectionary company has officially launched a new version of two of Australia’s most popular chewing gums.
Watch seller Ian Tilman vanished without a trace leaving dozens out of pocket. Now, his former business partner has spoken out – and he hasn’t held back.
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
Beleaguered online book retailer Booktopia has appointed voluntary administrators after it failed to secure further funding.
The high-profile Australian fashion label dressed the likes of Taylor Swift and Dua Lipa but has recently fallen on hard times.
From energy to supermarkets, Peter Dutton is proving instincts are built on more, not less, market intervention.
A photo of supermarket shelves has revealed the current reality plaguing Aussies since an outbreak of bird flu.
A photo of supermarket shelves has revealed the current reality plaguing Aussies since an outbreak of bird flu.
Opposition Leader Peter Dutton has put major supermarkets on notice, with the Coalition promising harsh penalties and policies which could split up the duopoly.
Beloved lolly brand Allen’s has announced it is bringing back an iconic product, sending Australians into meltdown.
Its CEO revealed the current model isn’t “sustainable” and they expect no improvement in the retail environment.
Australia’s crackdown on vaping comes into effect next week – but a key change to the laws has seen an outcry from major pharmacies.
A nationwide hunt is on to find eight people to run in the world’s biggest fun run dressed as their favourite lolly.
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
A major overhaul that will revolutionise shopping for Aussie shoppers is being rolled out. See how it will change what you can do at the checkout.
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Yet another brewery has joined the growing pile of corporate corpses after abruptly announcing it would be shutting its doors at the end of the week.
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Court documents have revealed the shocking alleged reason behind a teenage scuffle that sent a major shopping centre into lockdown
Under the proposed deal, Myer would acquire Premier’s Apparel Brands including Just Jeans, Jay Jays, Portmans, Jacqui E and Dotti.
Federal Treasurer Jim Chalmers says increasing competition among supermarket giants is key to placing “downward pressure on prices”.
Federal Treasurer Jim Chalmers says increasing competition among supermarket giants is key to placing “downward pressure on prices”.
The highly contagious and deadly strain of avian flu was detected near the first site, with authorities now required to euthanise an estimated 87,000 birds.
Consumers are well and truly hooked on Chinese e-commerce giant Temu, with the company posting its latest insane profits on Wednesday.
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
A line of popular baby toys and accessories sold across multiple Australian stores and online have been recalled after major safety hazards were found in the products.
Two manufacturers of four-wheel drive accessories have admitted to engaging in illegal conduct over the prices of their products.
A multipurpose tool that staples and nails has been recalled from stores across the country after it was revealed it can discharge unintentionally.
A fine dining restaurant chain which owes $23 million to creditors has ceased trading while all 200 staff have been terminated.
Australian people have developed a new, $1.4b addiction to Temu, which seems harmless, but an Australian business expert warns about its potential risks.
Independent supermarkets are being forced out of the market when Woolies and Coles moves to town, an inquiry has been told.
A Woolworths executive has said while the company empathises with those hit by the cost of living crisis, the supermarket hasn’t “done anything wrong”.
Regulars are devastated a popular inner-city vegetarian restaurant and bar has been forced to shut up shop.
A popular soft drink product has been recalled from Coles, Woolies and Dan Murphy’s.
Shoppers have described being locked down in Perth’s biggest shopping centre after a terrifying knife incident that left one man with a slash to the face, with two people on the run.
A tradie has been caught pinching thousands of dollars’ worth of meat from a supermarket chain – as the company reveals its huge response.
A major Aussie retailer has made a green-thumbed move, with an orange twist, that most shoppers are likely to approve of.
The designing and manufacturing business abruptly went bust, leaving creditors out of pocket.
The luxury car models are at risk of overheating and setting alight, the recall notice claims.
A popular brewery is going into liquidation and shutting down forever after it couldn’t scrape its way out of a financial black hole.
Thousands of retail workers can look forward to more work-life balance after union talks close in on an agreement.
Coles and Woolworths are setting unfair prices and abusing their market power to short-change suppliers at the detriment of consumers, according to a senate inquiry.
Coles and Woolworths are setting unfair prices and abusing their market power to short-change suppliers at the detriment of consumers, according to a senate inquiry.
One of Australia’s most powerful unions has set its sights on supermarket giant Aldi, promising to pursue the business “relentlessly”.
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
A snack company ran by Aussie farmers has raked in a staggering amount in sales after landing a deal with a major supermarket.
The last remaining NSW store of a once-popular fast food chain appears to have been forced to shut down after the landlord repossessed the property.
One of Sydney’s iconic streets has been “destroyed”, with one business owner claiming there are now so few visitors “you could lie down naked” in the middle of the road.
Original URL: https://www.thechronicle.com.au/business/companies/retail/page/4