Aus Retail Sales Stall, Department Stores Slip 2.8%
The ABS has released its newest retail sales figures, revealing that sales stalled in July (in seasonally adjusted terms), coming under expectations... Read More
Harvey Norman Shake Up Franchisee & Supplier Dynamic, Will Not Guarantee Loans
Just days after changing the accounting treatment for franchisee receivables listed in their 2017 accounts, Harvey Norman franchisees could have less favourable... Read More
Retailers Unite To Combat Amazon Entry, Launch Innovation Accelerator
Retail industry body NORA (National Online Retailers Association) has partnered with corporate accelerator, Slingshot, to launch Australia’s first retail technology program which... Read More
BREAKING NEWS: Harvey Norman Post Record $449m Profit, Dividend Cut, Share Price Tumbles
Heralded one of Australia’s largest retailers, Harvey Norman has posted a record-breaking net profit of $448.9 million for FY2017, notching a 29%... Read More
CITI Predict 4 In 5 Retail Jobs Globally Will “Vanish” After Automation
A new report from CITI Bank analysts and the University of Oxford academics has revealed four in five retail roles are under... Read More
Westfield ‘Amazon-Proof’ Centres, Ramps Up Tech, Lifestyle & Food
In a combative move to ‘Amazon-proof’ their Westfield Shopping Centres, Scentre Group have increased the number of lifestyle-focused, entertainment and food retailers under... Read More
Retail Spend Continues To Rise
Australian retail turnover rose by 0.3% in June, according to the latest figures released by the Australian Bureau of Statistics. This marks three... Read More
Woolworths Cancels Online Orders
Customers have been left without groceries for days after technical issues plagued Woolworths’ online ordering system. According to a report by iTnews,... Read More
Retail Spend Rises Again
Australian retail turnover rose by 0.6% to $26.08 billion in May 2017 according to the latest figures released by the Australian Bureau of... Read More
New Amazon Study Paints Worst Case Scenario For Aussie Retailers
An new survey from CouriersPlease has suggested that 90% of Australian online shoppers will purchase from Amazon if it fulfills its promises when... Read More