Boxing Day sales take off with bargain airfares
Shoppers are being urged to scrutinise Boxing Day bargain claims, while two major airlines have announced discounted fare sales.
retail
Penfolds owner’s earnings sour on China ‘grey’ wine woe
Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to problems in China and the US.
Price gouging ban will drive up costs: supermarkets
Lower grocery bills are being promised with a price gouging ban but supermarket giants and retailers say shoppers will be the ones to bear the brunt of costs.
Budget update to reveal Australia’s fiscal fortunes
The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.
Myer hails Black Friday boom as top label nears return
Department store Myer achieved its biggest biggest Black Friday sale performance on record as it prepares to relaunch a fast fashion brand in Australia.
Rate rise flagged as RBA does a Grinch with no Xmas cut
More rate relief for borrowers has essentially been ruled out by the Reserve Bank governor as the central bank mulls over when to lift rates again.
Economy has huge issues, billionaire retail icon warns
Premier Investments shares have plunged as the owner of Smiggle and Peter Alexander blames lower earnings forecast on the economy.
Splurging shoppers push economy over speed limit
The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.
Retail supremo dangles ‘game-changing’ mystery tech
Harvey Norman chair Gerry Harvey has hinted he might be selling robots in the next 18 months alongside a 'secret' technology, after dissing his rivals.
Shoppers tap credit to fund record Black Friday sales
Despite inflation pummelling hopes of more interest rate cuts, Australians are spending as much as ever in major sales and increasingly using debt to do so.
IGA supplier losing tobacco sales to black market
IGA supplier Metcash has delivered a $142.2 million first-half net profit, up 0.3 per cent from a year ago, and reported tobacco sales dropped by 35 per cent.
‘Do you care?’: Coles stares down anti-salmon activists
Coles shareholders have voted down activist-backed resolutions taking aim at its sourcing of salmon after executives were peppered with questions on the issue.
Jail time for threatening staff as retail attacks surge
Years in jail and store bans are among tougher penalties flagged by a state government tackling a troubling surge in attacks and threats on retail shop staff.
Greater police presence to crack down on violent crime
Police will be deployed across more of a major state train network and shopping centres in a bid to reduce the likelihood of violent crime.
‘Eye off the ball’: Woolies lays blame for limp results
A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.
Coles puts heat on Woolworths with strong sales growth
Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.
Workers threatened with weapons as retail crime spikes
Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.
Retailers ponder quitting ciggies as illegal sales soar
Supermarkets and smaller retailers are feeling the pain of the illegal tobacco trade, posting super-sized drops in revenue in recent reporting.
Refurb for Adairs as homewares retailer reads the room
Homewares and furnishings retailer Adairs is pulling back from a deep discounting model as it plans to unveil a more "aspirational" refresh.
Super Retail chair survives protest vote after scandal
Super Retail enjoyed 4.5 per cent financial year-to-date sales growth but its AGM was focused on the board's decision to sack chief executive Anthony Hegarty.
Jeweller accused of ringing up counterfeit luxury bling
A man faces years in jail for allegedly trying to sell counterfeit copies of high-end jewellery such as Cartier at inflated prices totalling more than $100,000.
Billions in unworn clothes hanging in Aussie wardrobes
The hidden fashion fortune hiding in wardrobes across Australia is estimated to be worth tens of billions of dollars.
Spending rebound staggers as Aussies kick booze, smokes
Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.
Lovisa CEO denies misconduct allegations at Smiggle
Billionaire businessman Solomon Lew has made sensational allegations against the fired CEO of his back-to-school chain Smiggle, who is now the boss of Lovisa.
Myer’s troubled robotic warehouse costing it dearly
Myer shareholders won't see a final dividend after its full-year profit took a 30 per cent hit, driven by costly issues with a robotic warehouse.
‘It starts to hurt a lot’: big toll of deaths, manhunt
As the manhunt for an accused killer enters a fourth week, a relief package for businesses impacted by the search will be a drop in the ocean for many.
Woolworths, Coles say underpayment costs could hit $1b
Woolworths estimates it owes up to $750 million to thousands of salaried team leaders after a court ruling, while Coles' liability could hit $250 million.
Consumer boom drives surprise jump in economic growth
Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.
Buying frenzy for Coles shares after bumper sales year
Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.
Shoppers check out of Woolies as Coles registers gains
Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.
Bricks and mortar thrive as beauty retailer expands
The expansion of a major beauty retailer's flagship is in line with trends of specialty stores moving into physical retail at the expense of department stores.