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Latest news: Retail

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.

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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 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

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.

Kmart accused of misleading over slave labour supplies

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.

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Households spending on non-essentials as pressures ease

Households spending on non-essentials as pressures ease

Households spending on non-essentials as pressures ease

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

Tackling unpaid invoices still a bread and butter issue

Tackling unpaid invoices still a bread and butter issue

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

West is best economically as eastern states left behind

West is best economically as eastern states left behind

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.

Dozens dead after fire at shopping centre in Iraq

Dozens dead after fire at shopping centre in Iraq

Dozens dead after fire at shopping centre in Iraq

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

Tome by tome, human chain moves historic bookstore

Tome by tome, human chain moves historic bookstore

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

Surprise rate hold another blow for consumer confidence

Surprise rate hold another blow for consumer confidence

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

Misleading 'ghost stores' haunting Australian consumers

Misleading 'ghost stores' haunting Australian consumers

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.

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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.

The Good Guys in trouble over bad promotional scheme

A major retailer has reached a settlement with the consumer watchdog over a "StoreCash" promotion, which promised shoppers store credits for buying goods.

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Profit boost despite sluggish hardware, tobacco sales

Retail conditions continue to be tough, but there are some signs of improvement, according to the owner of IGA, Total Tools and Mitre 10.

What's the crime, say accused $10m fake merch dealers

Caught with over 500 fake luxury items, three founders of an alleged $10 million counterfeit empire have attacked the investigators who put them in custody.

Watchdog bites over dodgy ads during Black Friday sales

Michael Hill Jeweller, MyHouse and Hairhouse Warehouse Online have been hit with fines for allegedly making false claims over their Black Friday sales

Warm weather, Cyclone Trump hit consumer recovery

Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.

Bless your cotton jocks: town's cheeky bid to retailers

A social media campaign is highlighting the absurdity of being unable to buy a decent supply of socks and jocks in one of Australia's leading cotton regions.

Coles, Woolies debate number of fake discount products

Coles and Woolworths will bargain with the competition watchdog on a list of items used as court evidence over allegations of illusory discount schemes.

Living costs rising despite cooling inflation

While some Australians are keenly awaiting the Reserve Bank's next interest rate cut, many Aussies are still doing it tough as living costs continue to bite.

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