April Retail Sales Slump, RBA Cuts Rates
Australian retail sales dived 0.1% in April [seasonally adjusted], contrasting the 0.2% lift analysts had expected. Results were hampered by sluggish performance... Read More
AusPost Invest $1b To Speed Up Delivery As Online Sales Surge
Australia Post will spend nearly a billion dollars over the next three years overhauling its parcel delivery systems to meet surging customer... Read More
Reject Shop CEO Exits, Full-Year Guidance Slashed
The Reject Shop’s CEO Ross Sudano has resigned following store closure announcements and slashing its full-year guidance to an expected loss of... Read More
Kmart Partner With Zip Amid Big W Battle
Afterpay rival, Zip, has inked a deal with Wesfarmers owned discount department store, Kmart, to offer customers access to its interest-free buy-now-pay-later service.... Read More
Myer Ramp Up Board Retail Expertise Amid Criticism
Embattled Aussie department store, Myer, has fought criticism its board lacks direct retail fashion expertise, with the appointment of former Just Group... Read More
Ex GraysOnline Owners Tipped To Buy Back Business
The former owners of commercial online auction business, GraysOnline, have reportedly set their sights on buying back the business, following rumoured interest... Read More
Aus Post: Online Sales To Match Store Sales By 2030
Latest research from Australia Post forecasts online sales to equal physical store sales by 2030, with 49% of SME local businesses expecting... Read More
Bunnings Most Visited Aussie Retail Website
Hardware giant, Bunnings, was the most visited Australian retail website in Q1Y19, beating out JB Hi-Fi, Kogan.com and Harvery Norman with 40... Read More
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
BREAKING NEWS: Gerry Harvey Buys 2nds World
Harvey Norman Holdings Chairman and local billionaire, Gerry Harvey, has reportedly bought Sydney-based discount electronics retailer, 2nds World, after it fell into... Read More