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Financial

Financial Archives

Adairs to buy up Focus on Furniture for $80 million

Adairs makes second acquisition in the furniture and homewares space, growing its footprint.

Visa’s Amazon spat shows power is shifting to retailers in fee battle

"Amazon is treating this dispute with Visa as an experiment," said Piper Sandler analyst Christopher Donat.

Harvey Norman profit tumbles 35 per cent from pandemic high

Early FY22 results for the company showcase that, despite lockdowns, FY21 was a particularly strong year for the chain.

Miniso continues to post strong growth as Covid’s impact eases

Part of the growth rate has been attributed to the company’s development of new retail channels, including Top Toy store...

Unilever sells 34 tea brands – including T2 – to private-equity investor

Decision to sell Ekaterra division frees Anglo-Dutch FMCG giant to focus on "higher-growth spaces".

Emirates Leisure Retail back-pays $5m+ and signs FWO undertaking

Emirates Leisure Retail identified that 2381 current and former employees were underpaid $4,722,350, plus $450,119 in su...

Why Hello Drinks has ditched the warehouse for the cloud

Online liquor business Hello Drinks is working with wholesalers to cut costs and grow the business to eight figures.

Alibaba expects slowest annual growth in eight years

China's Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut due to slowing con...

Accent Group’s sales slipped by $86m before stores reopened

More than 400 of the business’ stores were shuttered through the 18 weeks to October 31.

Chill, this week’s news on wages points to anything but hyperinflation

Suddenly people are talking about inflation, even hyperinflation, in a way they haven’t since the 1980s.

Localisation, livestreaming and logistics: How to tap into the Chinese market

Leading brand and product owners should be looking to tap into the significant advances in China’s world class e-commerc...

Mosaic Brands signs $59m additional credit to power post-pandemic ‘reset’

After a difficult few months Mosaic is expecting a much stronger second half to FY22, according to CEO Scott Evans.

Metaverse marks a ‘US$50 billion revenue opportunity for luxury’

"Revenue streams from digital mediums for luxury brands are negligible… We think this is about to change,"

Store closures cost City Chic $1 million a month

CEO Phil Ryan said the business' Australian and US arms are ready for the holidays, though the UK and EU markets are fac...

CommBank launches apps Little Birdie and Cheddar in retail “land grab”

A social-media style algorithm will serve users with content from merchants relevant to them, offering deals to an alrea...