Mid Year Deals Fail to Boost Department Store Sales
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August 1, 2023
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Australian midyear, end-of-financial year sales have been a chance for retailers to enjoy a sales spike, but not 2023. Prevailing economic conditions... Read More
Myer Doubles Profits, Shares Skyrocket
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March 9, 2023
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Myer has more than doubled its net profit in the six months to January 28, echoing David Jones’ strong first-half showing. Shares... Read More
OZ Retail Sales Fall Less Than Expected
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February 6, 2023
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Australia’s retail sales across the December quarter dropped 0.2 per cent, a modest fall compared to economist expectations. “Retail sales volumes fell... Read More
Myer Posts Strongest Sales In 18 Years
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January 24, 2023
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Myer’s CEO John King says its sales for the five months ended December 31 were up 24.8 per cent, the best results... Read More
Buyers Circling David Jones, After Solomon Lew’s Move
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August 10, 2022
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David Jones’ South African owner Woolworths has appointed a number of Australian advisers to oversee any potential offers for the department store... 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
Big W Sales Up, Profit Takes A Hit
UPDATE – Shares in Woolworths Group have plummeted 4.96% after midday, following results dubbed ‘poor’ by many analysts. Woolworths owned discount department store,... Read More
August Retail Sales Up 0.3%, Beat Forecasts
Latest numbers from the ABS reveal retail turnover jumped 0.3% [seasonally adjusted] in August, beating economists’ forecasts for a 0.2% lift, following... Read More
Ex Myer CEO Defends Former Profit Guidance
Former Myer CEO, Bernie Brooks, has today informed the Federal Court, Board support was received prior to announcing 2015 profit outlook. According... Read More
Department Stores Lead Retail Sales Spike
The ABS’ latest numbers reveal retail sales jumped 0.4% to $26.67 billion in May – beating forecasts for a 0.3% increase. The news... Read More
