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Myer Store Closures Make Way For Online Focus

Rose Daisley March 31, 2021 No Comments

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 suburban Melbourne. The decision comes as a result…

Customers Prefer Online For CE Shopping

Jake Nelson March 31, 2021 No Comments

Australians narrowly prefer to buy their electronics online rather than in-store, though physical retailers are still preferred in general, new research has found. The survey of 1005 people by consumer…

JB Hi-Fi & The Good Guys Partner With BNPL Giants Zip, Afterpay

April Glover March 31, 2021 No Comments

Buy Now, Pay Later services Zip Co and Afterpay will soon be available in JB Hi-Fi physical stores and online from April this year. Zip, which is a main competitor…

Premier Profits Soar To $188.2m After Pocketing Millions In JobKeeper

April Glover March 24, 2021 No Comments

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 the first-half of FY2021, soaring by 89 per…

Major Investor To Offload Stakes In Sydney’s Biggest Shopping Centres

April Glover March 23, 2021 No Comments

Stakes in three of Sydney’s most high-profile shopping centres are up for grabs after it was revealed major Singaporean investor GIC expects to net more than $550 million for its…

NSW Ditches Plans To Legalise E-Scooters, Sales In Retailers Still Soar

April Glover March 5, 2021 No Comments

The NSW government has abandoned plans to trial the legal use of electric scooters on the streets of Sydney, a move which could impact sales of the device in JB…

Myer Sales Fall By 13% Despite Millions In JobKeeper & Rent Relief

April Glover March 4, 2021 No Comments

Upmarket department store chain Myer endured a painful pandemic sales cycle after total sales declined by 13.1 per cent to $1.388 million for the half-year period. The disappointing sales were…

Bunnings Gets Green Light For $48m NSW Megastore

Jake Nelson February 24, 2021 No Comments

Bunnings is set to open a mammoth new $48 million five-storey retail outlet in Sydney’s Northern Beaches after getting the nod from NSW planning authorities. Set to span 20,000 square…

Westfield Earnings Plunge By 42.5% After Pandemic Rent Losses

April Glover February 24, 2021 No Comments

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 ravaged its rental income. The decline in rent…

Big W Soars As Sales Pass $2.5 Billion

Jake Nelson February 24, 2021 No Comments

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 billion in sales over the half, up 20.1…