Struggling online bookseller Booktopia collapses
Online bookstore Booktopia has entered voluntary administration after being unable to line up additional financing to sustain its loss-making operations.
retail
No Aldi? Then you’re probably paying more for groceries
A lack of supermarket competition in parts of Australia has led to higher grocery prices for some unlucky residents, consumer research has found.
Aldi stores help keep prices down at Coles, Woolworths
Research from consumer group Choice has revealed customers are paying $17 less for groceries on average at Aldi compared to major supermarkets.
Provocative violence installations to confront shoppers
Shoppers will be confronted with provocative scenes at one of the world's best-known retailers in a bid to highlight the plight of families fleeing violence.
IKEA to piece together electric truck charging network
The Swedish furniture giant will install chargers for electric vans and trucks at all of its local stores in a move designed to inspire low-emission deliveries.
Groceries inquiry backs breaking up major supermarkets
Supermarket price gouging should be illegal and there must be laws to break up major retailers that abuse their market power, a Senate committee has found.
Retailers feel pinch as shoppers stay home, spend less
The high cost of essentials such as health, education and housing are squeezing household budgets and leading to weak discretionary spending.
Social media giants put on notice over stabbing content
Political leaders are calling for an overhaul of social media platforms and harsher penalties following the Bondi Junction stabbing attack
Woolies dubbed a ‘model accused’ over $1m pay bungle
Supermarket giant Woolworths is facing up to $10 billion in fines after it admitted in court to underpaying about 1200 workers more than $1 million in leave.
Party heavyweights call for social media ‘rinse out’
Social media companies 'need a big rinse out' following the Bondi Junction shopping centre murders, with both parties urging tougher penalties for platforms.
Bunnings baulks at firmer rules around plant suppliers
Hardware giant Bunning Warehouse could be included in a mandatory code of conduct aimed at major supermarkets, with concerns raised about plant suppliers.
Calls for Amazon, Costco to fall under code of conduct
Grocery giant Woolworths is supporting recommendations to make the supermarket code of conduct mandatory but says it must apply to other retailers as well.
Coles, Woolworths bosses set for Senate showdown
The heads of Coles and Woolworths will be grilled by a Senate committee examining supermarket prices as debate rages about the power of the two retail giants.
Online shopping is forcing down prices by $1100 a year
Greater competition from online shopping is forcing down the price of some goods, research has found, and could have a bigger impact in the future.
Myer names ex-Qantas exec Olivia Wirth as its next CEO
The former chief executive of Qantas Loyalty will become the next Myer chief executive when current CEO John King retires in June.
Coles faces competitive pressure from online retailers
The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.
Sales, dividend down as retail slump hits Harvey Norman
Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.
Resilient travel demand propels Flight Centre earnings
Australians' insatiable appetite for travel amid falling discretionary spending has helped Flight Centre to a solid sales lift in the first half of 2023/24.
Coles CEO defends making profit, says competition tough
Coles Group chief executive Leah Weckert says the supermarket chain earns less than $3 for every $100 spent in its stores, and its profit has dropped.
JB Hi-Fi beats expectations despite H1 profit fall
JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.
Shoppers in retreat after Black Friday boost
Australian retail sales plummeted in the final weeks of 2023 with shoppers doing their Christmas shopping a month early when goods go on sale.
Godfreys enters administration, with 54 stores to close
Voluntary administrators expect 171 Godfreys staff in Australia will be made redundant as the company's store count is reduced by more than a third.
Supermarket prices under gaze of consumer watchdog
Supermarket giants are accused of price gouging on fruit, vegetables and meat and the consumer watchdog will use its "full legal powers" to investigate.
Woolworths CEO defends Australia Day merchandise choice
Woolworths chief executive Brad Banducci has backed the supermarket's choice not to stock Australia Day merchandise as staff report more and more abuse.
Jetsetters and shoppers spend big as confidence returns
Australians are spending more on travel, insurance and online shopping as inflation reached its lowest levels since January 2022.
Man charged over Australia Day vandalism at Woolworths
Police have charged a man over pro-Australia Day vandalism at two Woolworths stores in Brisbane.
MPs blamed for stoking culture war over Australia Day
Politicians are leading the public conversation on Australia Day even when their views don't always reflect their communities, an expert says.
Black Friday sales get tills ringing as Aussies cash in
Early Christmas shopping and Black Friday sales helped boost retail spending during November as savvy Australian consumers cashed in on bargains.
Boxing Day bargain hunt after flat period for retailers
Deeper discounts could greet Boxing Day shoppers as retailers look to boost flatter sales ahead of Christmas from interest rate hikes and economic uncertainty.
Shoppers seek Boxing Day bargains across the country
Australians have splurged at unprecedented sales on Boxing Day spurred on by a cost-of-living crisis this year.
Not fit for purpose: Fitbit fined $11m for false claims
Australia's Federal Court has issued Fitbit with an $11 million penalty for making misleading claims to customers who complained about faulty devices.