Myer Shareholders’ Class Action Dismissed
Iconic Australian department store, Myer, has seen a three-year class action brought to it by over a thousand disgruntled shareholders dismissed, with... Read More
Kaufland Nails Coffin With MD Resignation
Discount German big-box retailer, Kaufland – which was tipped to follow the steps of ALDI in Australia – has officially seen the... Read More
Bunnings, Officeworks Boom ‘Uncertain’, Kmart & Target Slow
Wesfarmers has informed investors it’s “uncertain” whether higher levels of sales growth at Bunnings and Officeworks will continue for the remainder of... Read More
NBN Co Pledge Support To 300K Businesses Who Can’t Pay
The National Broadband Network Co (NBN Co) forecasts around 300,000 businesses may be unable to pay their bills from now until October,... Read More
Oz Retail Rents May Dip 30% Next Two Years
Australian retail rents are tipped to drop by as much as 30% in the next two years from the economic impact of... Read More
Myer Rehire 2,000 Staff After Easter Frenzy
Embattled department store, Myer, has reportedly rehired 2,000 staff members to address a surge in online orders over the Easter long weekend.... Read More
David Jones Sell Flagship Melbourne Store
South African-owned luxury department store, David Jones, has announced the sale of its flagship 299 Bourke Street Melbourne store, with the deal... Read More
PayPal Australia Under Compliance Audit
Local financial intelligence agency, Austrac, has reportedly ordered an audit of PayPal Australia after concerns of potential anti-money laundering law breaches. Austrac... Read More
Thorn Group Reject Buy Bid, Raise $15M
Radio Rentals owner, Thorn Group, has rejected a buy bid for its Business Finance division, choosing to raise capital via rights issue... Read More
Myer Shares Up 10% After Major Profit Lift
UPDATED: Shares in Myer have soared 11.40% after market open to 64 cents, following its first major profit lift in nine years.... Read More