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Latest news: Retail

Sales, dividend down as retail slump hits Harvey Norman

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.

Piggy politicians squeal for end to greedy grocers

Piggy politicians squeal for end to greedy grocers

Piggy politicians squeal for end to greedy grocers

Piggy politicians squeal for end to greedy grocers

Strutting through parliament as swindling swines, independent MPs Bob Katter and Andrew Wilkie have called on the government to break up the major supermarkets.

Resilient travel demand propels Flight Centre earnings

Resilient travel demand propels Flight Centre earnings

Resilient travel demand propels Flight Centre earnings

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.

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Aussie workers above average on artificial intelligence

Aussie workers above average on artificial intelligence

The trick to harnessing artificial intelligence is to get clear evidence and guidance on how humans and machines should share the workload, a tech leader says.

Coles CEO defends making profit, says competition tough

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.

Firms less keen as emission cuts move beyond quick wins

Firms less keen as emission cuts move beyond quick wins

Cost savings, not saving the planet, are front of mind for Aussie businesses working on decarbonisation plans, and they're lagging their peers, a survey finds.

Record first-half sales for Temple & Webster

Record first-half sales for Temple & Webster

Despite cost-of-living pressures, furniture e-retailer Temple & Webster says it had $254 million in first-half sales, up 23 per cent from a year ago.

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JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi beats expectations despite H1 profit fall

JB Hi-Fi beats expectations despite H1 profit fall

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.

Swifties blow big bucks on prized tour merchandise

Swifties blow big bucks on prized tour merchandise

Swifties blow big bucks on prized tour merchandise

Swifties blow big bucks on prized tour merchandise

Swifties have already spent up big on Eras Tour tickets and now they are lining up for merchandise ahead of the pop superstar's upcoming Australian concerts.

Camping giant fined for sending 83,000 unwanted texts

Camping giant fined for sending 83,000 unwanted texts

Camping giant fined for sending 83,000 unwanted texts

Camping giant fined for sending 83,000 unwanted texts

A four-wheel drive and camping retailer has been fined more than $300,000 after it spammed customers with thousands of texts even after some had unsubscribed.

Shoppers in retreat after Black Friday boost

Shoppers in retreat after Black Friday boost

Shoppers in retreat after Black Friday boost

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

Godfreys enters administration, with 54 stores to close

Godfreys enters administration, with 54 stores to close

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 prices under gaze of consumer watchdog

Supermarket prices under gaze of consumer watchdog

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 CEO defends Australia Day merchandise choice

Woolworths CEO defends Australia Day merchandise choice

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.

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Man charged over Australia Day vandalism at Woolworths

Police have charged a man over pro-Australia Day vandalism at two Woolworths stores in Brisbane.

Forgotten and expired gift cards leave billions unspent

Nearly one billion dollars worth of gift cards are being wasted as Australians forget, lose or let them expire, creating a bonanza for retailers.

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.

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.

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Supercheap Auto, BCF owner boasts resilient sales

Super Retail Group says its sales were up three per cent in the 26 weeks to December 30, with same-store sales up one per cent.

Supermarket 'big duopoly' to go under microscope

A review into the big supermarkets could force them under a mandatory code of conduct or recommend an investigation by the consumer watchdog.

Farmers, shoppers bear brunt of supermarket pricing

Farmers have called for a consumer watchdog inquiry, rather than a review, into the supermarket sector after accusing it of failing producers and consumers.

Minister slams Dutton over calls for Woolworths boycott

The federal opposition has been condemned for "fighting a culture war" after supermarket giant Woolworths pulled Australia Day paraphernalia from shelves.

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.

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.

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.

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