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Latest news: Retail

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.

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

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

Coles looking to grow already strong online sales

Coles looking to grow already strong online sales

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.

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Amazon, Bunnings to face new questions over customers

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 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.

Higher interest rates hit on Endeavour Group's profit

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

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.

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White knight rescues Booktopia, opens door to new life

White knight rescues Booktopia, opens door to new life

White knight rescues Booktopia, opens door to new life

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

Cashless community still needs access to notes, coins

Cashless community still needs access to notes, coins

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 soar as sales surge

Temple & Webster shares soar as sales surge

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

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

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.

Call for ad ban on easy credit for groceries, medicines

Call for ad ban on easy credit for groceries, medicines

Call for ad ban on easy credit for groceries, medicines

Call for ad ban on easy credit for groceries, medicines

A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Using more efficient, longer-lasting light bulbs required by tougher minimum energy performance standards could save homes and businesses thousands of dollars.

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Amex fined $8m over unsuitable David Jones credit cards

American Express will have to pay an $8 million fine after offering co-branded David Jones credit cards without ensuring they were appropriate for customers.

Anzac Day trade ban to end 'creeping commercialisation'

NSW is extending its Anzac Day trading bans to cover the full day, but retailers say the move is out of step with what staff and shoppers want.

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.

Jitters from Reserve Bank dent consumer confidence

An unsettled economic narrative has consumers on edge and worried about another interest rate hike.

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Myer looks to expand with Just Jeans, Jay Jays purchase

Department store Myer has proposed to acquire brands including Just Jeans from Premier Investments in an audacious expansion of its clothing retail business.

Tourist bucks weigh in with record economy boost

Travel and tourism will contribute more to Australia’s economy in 2024 than any year on record, according to international forecasts.

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.

Cash can't crash: why physical money is here to stay

Experts say notes and coins are not about to vanish from circulation, despite more Australians choosing to go cashless at the counter and online.

Bookseller Booktopia takes desperate steps to survive

Booktopia's chief executive has resigned, 50 roles are being eliminated and it is paying $660,000 to establish a $1 million debt facility at 18 per cent rates.

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.

Rising costs won't stop that special bouquet for mum

Florists are preparing for the surge of sales ahead of Mother's Day this Sunday with people expected to spend about $1 billion on presents for their loved ones.

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