Kmart sales up as cost-conscious shoppers hunt bargains
Record annual earnings at Kmart have helped propel Wesfarmers to a $2.5 billion full-year profit, as consumers become more cost-conscious.
retail
Endeavour Group raises a glass as profit lifts to $529m
The company that owns Dan Murphy's, BWS and more than 300 licensed pubs in Australia has lifted its profit even as consumers grapple with economic pressures.
JB Hi-Fi full-year profit dials down to $524m
Electronics retailer JB Hi-Fi says sales were up 4.3 per cent to $9.63 billion for the 12 months to June 30, but costs rose even more.
NSW to pay for light rail construction nuisance
Two businesses have succeeded in claims the construction of the Sydney light rail created nuisance, with damages for other businesses to be determined.
Retail trade beats forecast as sales lure shoppers in
Cash-strapped consumers are taking advantage of sales and pushing up retail trade temporarily, with the spending slowdown expected to continue next month.
Retail Food Group says rate hikes slowing sales growth
Retail Food Group says sales growth has moderated to just 2.2 per cent over the past 21 weeks.
Truck drivers protest at Aldi over safety standards
Transport workers are protesting at Aldi stores as the union says the German supermarket giant is putting drivers under pressure.
Drivers face pump pain as profits fuel inflation debate
Motorists are being urged to shop around before the three-day weekend as international research suggests company profits are pushing up inflation.
Woolworths says food inflation ‘frustratingly elevated’
The Woolworths Group says shelf prices rose 5.8 per cent in the third quarter, although that was lower than price increases in the previous quarter.
Spending slows as households start to shut up shop
Spiralling living costs and rising interest rates have kept discretionary spending subdued, new retail data shows.
Shopping centres rebound in full year with no lockdowns
Major Australian shopping centres have turned over a record $54 billion in sales last year as customers returned to bricks and mortar shops after lockdowns.
Myer to close flagship Brisbane store after 35 years
Retail giant Myer will close its flagship store in the heart of Brisbane's Queen Street Mall after posting a half-yearly 24 per cent jump in sales.
Harvey Norman posts fall in interim earnings, dividend
Harvey Norman shares have fallen more than 10 per cent after the retailer announced a drop in profit and a weak start to 2023.
Woolworths registers profit jump but warns of slow down
CEO Brad Banducci attributes improved Woolworths profit gains to strong seasonal trading and lower COVID-related costs.
Coles locks in strong profits and first female chief
Supermarket giant Coles made $616 million in first-half profit, up 11.4 per cent from a year ago, and has named Leah Weckert as its next chief executive.
Aussies seek bargains in post-Xmas sales
Shoppers are predicted to spend record amounts in the summer sales with clothing, hospitality and household goods expected to be the most popular categories.
Billions spent on unwanted Christmas gifts
It's not easy to choose the right gift, with up to $3 billion worth of Christmas presents likely to be returned to the seller this year.
Coles peels back frozen potato chip sales
Coles has imposed a purchase limit on frozen potato chips due to a national supply shortage.
Aust drops $6.2b on Black Friday bargains
About 11 million people nationwide are expected to take part in Black Friday sales as Australian workers protest conditions at Amazon warehouses.
Harvey Norman spruiks Malaysia opportunity
Harvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.
People want value, not local shops: Coles
The head of grocery giant Coles says the pandemic trend of "local shopping" is unwinding as customers look for cheaper prices instead.
Sustainability high in Aust minds: Woolies
Australian consumers 'give a damn' about sustainability and even more so than two years ago, a major retailer has warned business leaders.
Retail sales momentum slowed in June
Retail turnover rose 0.2 per cent in June, its sixth straight monthly rise but the smallest increase so far this year.
Victoria is best-performing state: CommSec
Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
Consumer confidence falls as rates rise
Consumer confidence has dropped 19.7 per cent since December, a plunge comparable to what happened at the start of the pandemic and the global financial crisis.
Metcash lifts FY profit amid inflation
Metcash's full-year sales have risen 6.4 per cent to $17.4 billion, while underlying earnings jumped 17.7 per cent to $472.3 million.
Plastics purge tops shoppers’ wishlist
Shoppers rate reducing the use of plastics as the top action businesses can take on sustainability and climate change to win trust, loyalty and dollars.
Retail sales a record $33.9bn in April
The Australian Bureau of Statistics says retail trade rose 0.9 per cent in April, the fourth consecutive month turnover has risen.
Retailing in last hurrah before rate rise
The Australian Bureau of Statistics says retail trade rose 1.6 per cent in March to a record $33.6 billion, coming before rising interest rates take their toll.
Coles says supply chain issues ‘enormous’
Coles chief executive Steven Cain says the unprecedented supply chain issues the supermarket is facing will take a couple of years to resolve.
Petrol prices fall as job market tightens
Petrol prices are dropping below $2 while new job advertising figures suggest the unemployment rate could be in the low-threes by the end of this year.