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Financial

Financial Archives

City Chic says early part of FY21 results look positive

Clothing retailer announced it plans to continue expansion of lifestyles and categories online.
Image of Platypus branded backpack

Quick shift online helps Accent Group maintain momentum

The company behind Platypus and Hype DC saw an uptick in both sales and profit despite store closures in FY20.

Super Retail Group CEO confirms permanent online sales bump from Covid

Anthony Heraghty told investors that online sales have "resettled" at a higher level than they were pre-Covid.

Industry body warns retailers of volatile times ahead

ABS preliminary figures show a 3.3 per cent rise in retail sales in July.
Emporium Melbourne Vicinity Centres

Business uncertainty at new high

Just half of CFO's are optimistic about the future.

Bunnings and Officeworks drive “solid” full-year results at Wesfarmers

The company's retail division benefited from the uptick in spending on home tech and DIY.
Image of Reject Shop storefront

The Reject Shop posts profit on strong demand for ‘essential’ products

The company is back in the black thanks to a surge in demand for pantry products during Covid-19.

Company results season shows virus pain

The Australian company reporting season continues this week with generally disappointing results because of the Covid-19...
TikTok

Government agendas are driving businesses like no time since WW2

Microsoft's acquisition of TikTok reveals the long reach of governments into the corporate sector.

Shares up nearly 1 per cent as banks keep rising

Shares were close to 1.0 per cent higher on the ASX at noon and banks have continued the gains they enjoyed on Monday.

Mocka acquisition, online sales help boost Adairs financial results

“Our results confirm the strength of our brands and the competitive advantage our omni-channel model provides in these v...

JobKeeper eligibility tweaked for business

Eligibility requirements altered to ensure more businesses can stay afloat.
Image of people walking down Melbourne laneway.

Victoria’s shutdown to weigh on economy

Economists busily adjusting economic forecasts.

Stood down staff at risk of losing JobKeeper come September

Though the government's paid pandemic payments will be made available to all states.

ASX to open lower after Wall St dips

Australia's share market is expected to open lower after.
image of a kikki k storefront
Financial

More than half of retail directors expecting to restructure: Survey

New research paints a dire picture of the retail landscape. It comes as several groups call for reform of the administra...
Image of Total Tools storefront

Metcash enters binding agreement to acquire Total Tools

Wholesaler moves forward with acquisition of national tool retail franchise.
City Chic Fountain Gate store

City Chic raises $80m to fuel international acquisition

Plus-sized retailer completes placement of over 20 million new shares.

Shares to slip early after US sell-off

Australia's share market is tipped to fall early in trade after surging coronavirus cases in the US.

Early drop set for ASX on US jobless data

Australia's share market is likely to fall early in trade after more signs of a worsening coronavirus crisis in the US l...