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Latest news: Retail

Sweeney jeans ad frenzy boosts teen clothing retailer

Sweeney jeans ad frenzy boosts teen clothing retailer

An internet meltdown over an ad campaign featuring actor Sydney Sweeney has translated into new customers for an American clothing brand.

Rip Curl owner plans store cutbacks in turnaround plan

Rip Curl owner plans store cutbacks in turnaround plan

Rip Curl owner plans store cutbacks in turnaround plan

Rip Curl owner plans store cutbacks in turnaround plan

KMD Brands will close at least 21 stores and has shaken up its senior leadership team as part of a turnaround plan that includes a $25 million cost reset.

Consumer boom drives surprise jump in economic growth

Consumer boom drives surprise jump in economic growth

Consumer boom drives surprise jump in economic growth

Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

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Moves to crack down on supermarket 'shrinkflation'

Moves to crack down on supermarket 'shrinkflation'

The federal government is looking at ways to ensure consumers get more bang for their buck at the checkout, with a crackdown on "shrinkflation" on the cards.

Rising property values help boost Harvey Norman profit

Rising property values help boost Harvey Norman profit

Harvey Norman says its profit after tax has risen 47 per cent to $518 million, and its total assets have topped $8 billion for the first time.

What cost of living crisis? Kmart owner profit soars

What cost of living crisis? Kmart owner profit soars

Perth-based conglomerate Wesfarmers, which owns Kmart, Bunnings and Officeworks, has increased its dividend payout after delivering a $2.9 billion net profit.

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.

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Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Sigma Healthcare has lifted its cost-savings target from its February merger with Chemist Warehouse, saying it now expects to save $100 million a year.

Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Buying frenzy for Coles shares after bumper sales year

Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.

'We cop it': abused, tired retail workers demand change

'We cop it': abused, tired retail workers demand change

'We cop it': abused, tired retail workers demand change

'We cop it': abused, tired retail workers demand change

Understaffed, abused and at the mercy of constant job changes, retail workers are burned out and almost half plan to throw in the towel.

Supercheap Auto owner hits record $4.1b sales

Supercheap Auto owner hits record $4.1b sales

Supercheap Auto owner hits record $4.1b sales

Supercheap Auto owner hits record $4.1b sales

There are signs of a consumer recovery in a major Australian retailer's annual results, which showed a strong uptick in second-half sales.

Nimble Breville gets the drop on US tariffs

Nimble Breville gets the drop on US tariffs

Nimble Breville gets the drop on US tariffs

Nimble Breville gets the drop on US tariffs

Home appliance manufacturer Breville has posted a double-digit profit boost, as it positions for growth in a rapidly evolving trade environment.

JB Hi-Fi boosts profits but shares slip on CEO exit

JB Hi-Fi boosts profits but shares slip on CEO exit

JB Hi-Fi boosts profits but shares slip on CEO exit

JB Hi-Fi boosts profits but shares slip on CEO exit

JB Hi-Fi will hand back $224 million to shareholders after posting more than $10 billion in annual sales, as its chief executive lays down a succession plan.

Bricks and mortar thrive as beauty retailer expands

Bricks and mortar thrive as beauty retailer expands

Bricks and mortar thrive as beauty retailer expands

Bricks and mortar thrive as beauty retailer expands

The expansion of a major beauty retailer's flagship is in line with trends of specialty stores moving into physical retail at the expense of department stores.

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Kmart accused of misleading over slave labour supplies

An Australian-based Uyghur group is taking Kmart to court, alleging it sourced stock using slave labour while marketing itself as an ethical business.

Households spending on non-essentials as pressures ease

An easing in household financial pressures is helping fuel spending with consumers forking out more on recreation, culture and food, fresh stats show.

Tackling unpaid invoices still a bread and butter issue

With Australian business insolvencies at historically high levels, fintechs are looking to settle the problem of the nation's $115 billion in unpaid invoices.

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

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Dozens dead after fire at shopping centre in Iraq

A massive fire has ripped through a hypermarket in eastern Iraq, leaving at least 61 people dead, including children, and others missing.

Tome by tome, human chain moves historic bookstore

Hundreds of volunteers have formed a human chain to help a historic bookshop move to a new location by passing each book hand-to-hand.

Surprise rate hold another blow for consumer confidence

Fewer rate cuts than expected will further weaken already fragile consumer confidence, as the Commonwealth Bank records a gradual household spending recovery.

Misleading 'ghost stores' haunting Australian consumers

Shoppers are being warned about stores that present themselves as local businesses but sell low-quality items shipped from overseas.

Big bank shifts rate cut tip as retail sales disappoint

A slow start to the year for consumers continues, with weaker-than-expected retail sales a sign of "scarring" from a spike in inflation.

Retail spending tipped to stay soft as home prices soar

Housing prices are expected to climb ever higher, even as a predicted recovery in dwelling consents shines a ray of hope on Australia's supply ambitions.

Lower energy use just the beginning for retail giant

Lower energy prices might make its way into the Bunnings catch-phrase as the retailer looks to fast-track the decarbonisation of its services.

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