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Latest news: Retail

Expert rejects supermarket land banking concerns

Expert rejects supermarket land banking concerns

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

Core brands survive big change at battling retail chain

Core brands survive big change at battling retail chain

Core brands survive big change at battling retail chain

Core brands survive big change at battling retail chain

Mosaic Brands says it will close its Rockmans, Autograph, Crossroads, W.Lane and BeMe brands to focus on its core brands such as Noni B.

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

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Smiggle demerger delayed to prioritise Myer deal

Smiggle demerger delayed to prioritise Myer deal

The planned demerger of Smiggle will take a back seat as owner Premier Investments considers selling brands including Jay Jays and Just Jeans to Myer.

Fake jewel thief jailed after terrifying store employee

Fake jewel thief jailed after terrifying store employee

A man who pretended to rob a Sydney jewellers in an alleged plot to defraud $2.8 million from the shop's insurer will spend at least a year more behind bars.

'Challenging': Kathmandu, Rip Curl owner takes hit

'Challenging': Kathmandu, Rip Curl owner takes hit

KMD Brands, the owner of retail stores Kathmandu and Rip Curl, has acknowledged a "challenging sales environment" after 11 per cent sales drop in 2023/24.

Psychological tricks behind supermarket discounts

Psychological tricks behind supermarket discounts

Marketing experts say supermarkets are hitting on a human bias to buy with little thought when presented with apparent discounts.

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Super Retail tries to bury 'deal' with ex-legal chief

Super Retail tries to bury 'deal' with ex-legal chief

Super Retail tries to bury 'deal' with ex-legal chief

Super Retail tries to bury 'deal' with ex-legal chief

Super Retail Group wants to hide how much its ex-legal boss says she should be paid in a settlement as it faces claims of a toxic workplace culture.

Harvey Norman sued over 'worthless' extended warranties

Harvey Norman sued over 'worthless' extended warranties

Harvey Norman sued over 'worthless' extended warranties

Harvey Norman sued over 'worthless' extended warranties

A class-action lawsuit claims Harvey Norman's extended warranties provided no value to consumers, as they already had remedies under Australian law.

Just Group fires Smiggle boss over alleged misconduct

Just Group fires Smiggle boss over alleged misconduct

Just Group fires Smiggle boss over alleged misconduct

Just Group fires Smiggle boss over alleged misconduct

Just Group's board alleges that John Cheston engaged in "serious misconduct and a serious breach of his employment terms."

Banned shoplifter's wee act caused 'public alarm'

Banned shoplifter's wee act caused 'public alarm'

Banned shoplifter's wee act caused 'public alarm'

Banned shoplifter's wee act caused 'public alarm'

A man who urinated over $300 of raw meat at Woolworths had already been banned from the supermarket chain because of a shoplifting incident weeks before.

'Nothing fantastic': Harvey Norman slides, turns to AI

'Nothing fantastic': Harvey Norman slides, turns to AI

'Nothing fantastic': Harvey Norman slides, turns to AI

'Nothing fantastic': Harvey Norman slides, turns to AI

Harvey Norman chairman Gerry Harvey is looking to artificial intelligence and its Malaysian operations for growth after disappointing 2023-24 results.

Tax cuts put away for rainy day as spending spree ends

Tax cuts put away for rainy day as spending spree ends

Tax cuts put away for rainy day as spending spree ends

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Australia Post expects dog attacks to reduce as a fleet of stealthy electric delivery vehicles grows, but warns of more work to be done to turn a profit.

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More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

Coles looking to grow already strong online sales

Grocery giant Coles has detailed plans to shift deliveries from stores to automated warehouses after posting a rise in profit.

Amazon, Bunnings to face new questions over customers

Executives from major household brands will front an inquiry into competition practices as the nation's leaders aim to make products cheaper for Australians.

Servo chain slams black market tobacco, wage inflation

Servo operator Viva Energy says cost of living pressures and black market tobacco are hitting stores but posted rising fuel sales and a bigger half-year profit.

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Higher interest rates hit on Endeavour Group's profit

Endeavour Group says sales were up in 2023/24 but its profit dropped 3.2 per cent to $512 million as it paid more to service its $1.9 billion debt.

Servo chain Ampol slashes dividend, fuel volumes fall

Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.

White knight rescues Booktopia, opens door to new life

Collapsed book e-retailer Booktopia has been rescued by a white knight digital business that will reopen the company.

Cashless community still needs access to notes, coins

Cash may no longer be king but those who want to use it to buy a coffee or store wealth should be able to do so, the nation's payments tsar says.

Temple & Webster shares soar as sales surge

Temple & Webster shares climbed 23 per cent after the furniture e-retailer announced nearly half a billion in sales in 2023/24, and a strong start to FY25.

JB Hi-Fi to pay shareholders $200m, buy appliance brand

JB Hi-Fi shareholders will share in an $87.5 million special dividend after $9.6 billion in sales by the home appliance and consumer electronics brand

Relief in sight as rates focus switches to cuts

Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.

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