Retailers Shrink & Shopping Centre Values Fall
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June 17, 2019
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Retailers are hoping tax offsets deliver a much needed boost in spending after a weak close to last year continued into 2019,... Read More
Kmart & Target Downgrade Profit After Catch Acquisition
Wesfarmers has downgraded profit forecasts for the Kmart Group just hours after splurging $230 million buying Catch, an acquisition it hopes will... Read More
Reject Shop CEO Exits, Full-Year Guidance Slashed
The Reject Shop’s CEO Ross Sudano has resigned following store closure announcements and slashing its full-year guidance to an expected loss of... Read More
Kmart Partner With Zip Amid Big W Battle
Afterpay rival, Zip, has inked a deal with Wesfarmers owned discount department store, Kmart, to offer customers access to its interest-free buy-now-pay-later service.... Read More
CHOICE Slams Kmart Over Super
Consumer advocacy group CHOICE – via the Superannuation Consumers’ Centre – has slammed Kmart Group Managing Director, Ian Bailey, over its superannuation deal... Read More
IKEA Beats JB Hi-Fi For Most Satisfied Customers
Market research firm, Roy Morgan, has announced Australia’s best performing retailers in terms of customer satisfaction, with IKEA awarded ‘Furniture/Electrical Store of... Read More
Wesfarmers Shares Soar After $4.2B Profit
Retail conglomerate, Wesfarmers, has post a whopping $4.5 billion interim profit, with shares soaring 5.75% after reporting the return of $1.1 billion to... Read More
Reject Shop Profit Plummets 40%
Embattled discount retailer, The Reject Shop, has post a notable 40.6% drop in half-year net profit to $10.6 million – slashing its... 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
Target Recalls Slimline Activity Trackers Over Burn Risk
Target Australia has recalled selected Slimline Activity & Sleep Trackers, after Product Safety Australia (PSA) found they present an electrical burn risk.... Read More
