Record Sales In Westfield Malls As Customers Return
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February 22, 2023
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Westfield owner the Scentre Group has beat earnings guidance for 2022 and pointed towards a rosy start to 2023. Not surprisingly, the... Read More
Snap Lays Off 20% Of Entire Workforce
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September 1, 2022
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Snap has started laying off one-fifth of its 6,400-strong workforce, as the social media giant’s horror year continues. The layoffs began yesterday,... Read More
Gerry Harvey Slams Unions For “Complicated” Aussie Wage System
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August 31, 2022
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Harvey Norman chairman Gerry Harvey has hit out at the employers associations and unions that make it “ten times more complicated to... Read More
Shriro’s Profits Down 33%, Warns FY23 Will Be Worse
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August 31, 2022
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Sydney-based distributor Shriro has suffered through extended lockdowns and a cybersecurity incident to post profits after tax of just $13.5 million, 33.5... Read More
COVID Honeymoon Over For Harvey Norman, As Profits Fall
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August 31, 2022
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The COVID honeymoon appears to be over for Harvey Norman, as poor franchise performances impact the retail giant’s bottom line. The company’s... Read More
Dell Shares Suffer Largest Fall Since 2018
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August 29, 2022
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Dell’s decent quarterly results were completely undercut by dire forecasts made by the company’s executive which sent share prices plummeting. Sales jumped... Read More
AusPost Hikes Postage Prices After Profits Fall 45%
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August 26, 2022
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Australia Post is in a bad way, as it posts a 45 per cent fall in profits, declaring it’s “making a loss... Read More
Zip Posts Billion-Dollar Loss, Bad Debts Balloon
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August 25, 2022
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Buy now pay later leader Zip has posted a massive net loss of $1 billion, despite claiming this as a successful year.... Read More
Coles Posts $1B Profit, CEO Claims High Prices Don’t Reach Bottom Line
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August 24, 2022
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Coles has posted a rise in net profits and group sales for the 2022 financial year, although CEO Steven Cain said the... Read More
Retail Spending Strong For Start Of FY23
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August 18, 2022
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Australians are still spending big at retail despite inflationary pressures and rising interest rates. According to a number of retailers, consumers have... Read More
