Setback For Lew As Myer Returns To Profit, Names Stephenson Chair
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September 16, 2021
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Solomon Lew has been given a bloody nose at Myer, with JoAnne Stephenson – whose ouster he had sought – named chair... Read More
Kmart On The Up, Revenue Nears $10 Billion
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August 27, 2021
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Kmart Group has enjoyed a strong year, with revenue up 8.3 per cent to $9.98 billion, as parent Wesfarmers looks to grow... Read More
Big W Posts Record Sales As Woolworths Surges
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August 26, 2021
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Big W has enjoyed a solid financial year, with record annual sales as well as 344.9 per cent growth in EBIT making... Read More
Vita Group’s Profits Up After Telstra Exit
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August 20, 2021
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Telstra Store licensee Vita Group has posted growth in EBITDA and profit despite declining revenues. Vita Group, which was rocked this year... Read More
Growth At Coles, But No Data On Weekly Specials
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August 18, 2021
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Coles, which last year moved into weekly specials to take on Aldi, has seen both sales and profits grow for the 2021... Read More
Surging Demand Buoys Super Retail Group’s Record Sales
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August 18, 2021
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Super Retail Group, owner of Supercheap Auto, Rebel Sport, BCF, and Macpac, has seen sales soar to $3.45 billion for the 2020-21... Read More
JB Hi-Fi Smashes Records With $8.9bn Sales In FY21
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August 16, 2021
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JB Hi-Fi has hailed a record-breaking year in 2020-21, with sales up across both its Australian and New Zealand arms as well... Read More
Egg On Lew’s Face As Myer Does Better Than Expected
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August 12, 2021
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In an embarrassing knock to Solomon Lew, Myer has released a trading update as the billionaire investor has been demanding – which... Read More
Myer Boosts Supply Chain With New Distribution Centre
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July 27, 2021
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Myer is opening a new 40,000-square-metre national distribution centre in Victoria as it looks to bolster its factory-to-customer supply chain and online... Read More
Retailers Most Trusted Brands In Australia: Roy Morgan
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July 6, 2021
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Retailers are dominating the list of Australia’s most trusted brands, occupying fully half of the top ten spots in Roy Morgan’s latest... Read More
Promising Start For New Best & Less Float
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June 23, 2021
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Best & Less Group – under former Dick Smith executive Rodney Orrock – has notched up positive results for its resurrected IPO... Read More
Catch Squares Up To Amazon With New Sydney Warehouse
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June 10, 2021
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Wesfarmers-owned online retailer Catch is planning to open its first fulfilment centre outside Victoria with a new facility in Moorebank, NSW. The... Read More
Woolies Renewables Push Involved In Wind Farm Deal
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June 7, 2021
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Supermarket giant Woolworths has entered the market for renewable energy, signing a 10-year agreement to purchase electricity from the Bango Wind Farm... Read More
Breaking: Biag Capasso Named MD Of The Good Guys
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May 4, 2021
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As tipped by ChannelNews, JB Hi-Fi has appointed Biag Capasso as the new Managing Director of The Good Guys. Capasso has been... Read More
Pandemic Boom Over, Online Shopping On The Rise, Say Woolworths’ Sales Figures
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April 29, 2021
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Just like its competitor Coles, Woolworths has noted its supermarket shoppers now returning to normal shopping behaviours and buying patterns after last... Read More
Woolworths Splashes $100m On New Robotic Fulfilment Centre
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April 28, 2021
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Woolworths is set to bolster its online ordering capabilities with a new $100 million automated fulfilment centre in Western Sydney as its... Read More
Did You Know Bunnings Has Its Own Version Of The Block?
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April 23, 2021
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In something not far removed from such TV shows as Nine’s The Block, DIY superstore Bunnings has been producing its own renovation... Read More
Big W Owner Boosts Stake In Data Company
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April 20, 2021
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Woolworths Group has moved to take control of data analytics firm Quantium, putting down $223 million to increase its stake to 75... Read More
Entertaining At Home Sets Retail On Fire
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April 20, 2021
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An interesting thing has happened for retailers. The pandemic has certainly affected consumer behaviour mid- or shortly post-pandemic, but it’s also left... Read More
JB Hi-Fi Jumping On BNPL Bandwagon With LatitudePay
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April 1, 2021
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After adding Buy Now, Pay Later giants Afterpay and Zip as options at the checkout, JB Hi-Fi is now offering customers similar... Read More
Myer Store Closures Make Way For Online Focus
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March 31, 2021
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Myer is in the process of reducing its bricks-and-mortar footprint, and with that comes the closure of its near-50-year-old Knox store in... Read More
Customers Prefer Online For CE Shopping
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March 31, 2021
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Australians narrowly prefer to buy their electronics online rather than in-store, though physical retailers are still preferred in general, new research has... Read More
JB Hi-Fi & The Good Guys Partner With BNPL Giants Zip, Afterpay
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March 31, 2021
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Buy Now, Pay Later services Zip Co and Afterpay will soon be available in JB Hi-Fi physical stores and online from April... Read More
Premier Profits Soar To $188.2m After Pocketing Millions In JobKeeper
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March 24, 2021
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Retail giant Premier Investments, which operates some of Australia’s most popular clothing brands, posted a tidy pandemic-recovery profit of $188.2 million for... Read More
Major Investor To Offload Stakes In Sydney’s Biggest Shopping Centres
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March 23, 2021
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Stakes in three of Sydney’s most high-profile shopping centres are up for grabs after it was revealed major Singaporean investor GIC expects... Read More
NSW Ditches Plans To Legalise E-Scooters, Sales In Retailers Still Soar
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March 5, 2021
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The NSW government has abandoned plans to trial the legal use of electric scooters on the streets of Sydney, a move which... Read More
Myer Sales Fall By 13% Despite Millions In JobKeeper & Rent Relief
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March 4, 2021
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Upmarket department store chain Myer endured a painful pandemic sales cycle after total sales declined by 13.1 per cent to $1.388 million... Read More
Bunnings Gets Green Light For $48m NSW Megastore
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February 24, 2021
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Bunnings is set to open a mammoth new $48 million five-storey retail outlet in Sydney’s Northern Beaches after getting the nod from... Read More
Westfield Earnings Plunge By 42.5% After Pandemic Rent Losses
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February 24, 2021
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Shopping centre giant Scentre, which operates Westfield malls, posted a devastating earnings plunge of 42.5 per cent to $766.1 million after COVID-19... Read More
Big W Soars As Sales Pass $2.5 Billion
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February 24, 2021
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Big W has surged in the six months to January 2021, with EBIT more than doubling year-on-year. The retailer pulled in $2.58... Read More
Retail Sales Enjoy Biggest January Growth Since 2015
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February 19, 2021
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Australian consumers spent a staggering $30.5 billion in retail sales during the month of January – the strongest result for the month... Read More
Shaver Shop Profit Soars By 86pc To $14.2m, Online Sales Double
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February 19, 2021
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Australian personal grooming retailer Shaver Shop Group announced its half-year financial results, with profit skyrocketing by 85.5 per cent to $14.2 million.... Read More
LIFX Smart Home Product Recalled
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February 18, 2021
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A product recall has been issued for an LIFX smart switch, which is sold at JB Hi-Fi, due to fire risk. The... Read More
Expensive Wellness Brand Therabody Picked Up By CE Retailers
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February 18, 2021
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Leading tech wellness brand Therabody, which sells Theragun massage devices from retailers such as JB Hi-Fi, Harvey Norman and Bing Lee, has... Read More
Target Finally Gets Traction But Still Behind Kmart
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February 18, 2021
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Kmart and Target have posted increased revenue and profits in the second half of 2020, with Target sales going up even as... Read More
Officeworks Sales Up 23%, New Push Into Education Market
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February 18, 2021
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Australia’s leading office supply and B2b retailer Officeworks has delivered sales growth of 23% as consumers move to working from home and... Read More
Catch Reels In Big Bucks For Wesfarmers
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February 18, 2021
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Wesfarmers-owned online retailer Catch has surged over the six months to December 31, more than doubling its revenue year over year and... Read More
JB Hi-Fi Boss Warns TV Stock Shortages Aren’t Going Away
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February 16, 2021
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JB Hi-Fi boss Richard Murray has warned TVs and other electronics will suffer indefinite stock shortages in Australia as unprecedented demand and... Read More
Amazon, Bunnings, Tech Retailers Triumph In Online Traffic
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February 15, 2021
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Amazon and Bunnings Warehouse have topped the list for online Aussie retail traffic in Q4 of 2020, with Amazon website visits up... Read More
JB Hi-Fi Sales Up 23.7%, Online Doubles, 82% Div Increase
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February 15, 2021
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Consumer electronics group JB Hi-Fi is continuing to ride the pandemic wave, with sales jumping by 23.7 per cent to a total... Read More
Westfield Bails Out Of US After COVID Catastrophe
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February 11, 2021
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Former Australian retail giant Westfield is set to pull the plug on its US operations, a little over three years after it... Read More
JB Hi-Fi, Amazon AU Now Selling Audio Gear From Thronmax
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February 11, 2021
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European audio firm Thronmax has launched in the Australian and New Zealand market, with its professional recording gear sold in JB Hi-Fi... Read More
Vita Group Shares Tank As Telstra Gives It The Flick
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February 11, 2021
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Vita Group shares plummeted by more than 20 per cent as the ASX opened today, following Telstra’s move to regain control of... Read More
Surprise: Vic Drives Retail Recovery
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February 8, 2021
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CANBERRA: Retail sales volumes across Australia rose 2.5 percent in the December 2020 quarter, seasonally adjusted, according to the latest figures from... Read More
David Jones Unites Physical, Online Stores Under One Exec
Struggling luxury department store David Jones is putting a single executive in charge of both its physical and online stores, in the... Read More
Household Appliance Prices Soar In Oz After Pandemic Stock Shortage
The price of household appliances in Australia climbed significantly in the last six months due to pandemic stock issues, a new report... Read More
Aussie Retail Industry Back On Track As JB Hi-Fi Shares Hits Record High
A surprisingly positive sales update from the owner of one of Australia’s biggest retail groups is a powerful indication the industry is... Read More
Xbox Series S Consoles In Stock At JB Hi-Fi
JB Hi-Fi has stock available for the Xbox Series S console, which has been difficult to find ever since its launch last... Read More
JB Hi-Fi Adds New Gaming Chairs
A new range of ergonomic gaming chairs is coming to JB Hi-Fi from big global brand Anda Seat. Anda Seat, which boasts... Read More
Costco Undercuts Harvey Norman By Hundreds On CE
US retail giant Costco is expanding in Australia, while undercutting other retailers such as Harvey Norman on consumer tech – sometimes by... Read More
