March Retail Sales Beat Forecasts
Australian retail sales jumped 0.3% in March [seasonally adjusted], beating market expectations for a 0.2% lift. The results follow a revised gain... Read More
Big W Sales Up, Profit Takes A Hit
UPDATE – Shares in Woolworths Group have plummeted 4.96% after midday, following results dubbed ‘poor’ by many analysts. Woolworths owned discount department store,... Read More
August Retail Sales Up 0.3%, Beat Forecasts
Latest numbers from the ABS reveal retail turnover jumped 0.3% [seasonally adjusted] in August, beating economists’ forecasts for a 0.2% lift, following... Read More
Ex Myer CEO Defends Former Profit Guidance
Former Myer CEO, Bernie Brooks, has today informed the Federal Court, Board support was received prior to announcing 2015 profit outlook. According... Read More
Department Stores Lead Retail Sales Spike
The ABS’ latest numbers reveal retail sales jumped 0.4% to $26.67 billion in May – beating forecasts for a 0.3% increase. The news... Read More
Overseas Retailers Make Up 40% Of Online Sales In Oz
Australians continue to turn to overseas websites for online purchases according to data gathered by Australia Post. The Sydney Morning Herald reported that... Read More
David Jones Delivers: Retailer Posts Strong Full-Year Sales Growth
David Jones has posted strong full-year sales growth, navigating recent challenging conditions in the Australian market. South African owner Woolworths Holdings has... Read More