Financial
FollowFinancial Archives
Adairs earnings, profit skyrocket during first half
Managing director and chief executive Mark Ronan called the results “outstanding”.
AuMake doubles users of new social marketplace in last six months
AuMake shifted its strategy during the pandemic to connect China-based influencers with Australian and New Zealand brand...
JB Hi-Fi delivers 86.2 per cent profit growth during holiday half
Nesting customers continued to shop for electronics and appliances during the half, the business said.
Silly Solly’s launching in NSW and Victoria in March
The discount chain is going south of the (Queensland) border for the first time.
“Devastating blow”: Victoria returns to lockdown
“Unfortunately, some of the horrors of 2020 continue,” ARA boss Paul Zahra said.
NRA under fire after grant approval process scrutinised
The grant funded a program to train up retail workers in what to do in the event of a terror attack.
Rip Curl buoys Kathmandu through first half
Earnings for the half are expected to hit between $47 million and $49 million.
Telstra aims to take back full ownership of its branded stores
The telco owns and operates 67 stores, with another 166 stores owned and operated by licensees and 104 stores by Viva Gr...
How to win in the new look marketplace
To win in the new look marketplace; retailers, suppliers and manufacturers must be open to collaborating.
DFS launching T Galleria Brisbane in 2022
The location will be DFS’ largest in Oceania, and further grows the number of new store launches for the brand.
A minimum price for alcohol — is it time for a national rollout?
A minimum price was enforced in the Northern Territory, and has had encouraging success.
H&M to downsize Australian operations in March
According to the business, it plans to offset the closures with 100 new stores opening this year in developing markets.
‘Now is the time to bring capital in’: BikeExchange CEO talks IPO
BikeExchange is the latest online retailer to list on the ASX. CEO Mark Watkin explains why.
Nick Scali to repay $3.6 million in JobKeeper subsidies
The announcement followed a week of scrutiny, after the business announced a 99.5 per cent increase in profit during the...
Apparel retailers cut orders while Asian factories fight to survive
Clothing brands in Europe and America are sitting on excess inventory and cutting back on spring orders.
December sales up 9.6 per cent on last year, but fall on November
Turnover broke $30 billion, according to the ARA.
Online retail slows in December after blockbuster November
When compared to the year prior, however, online sales are still 33.8 per cent ahead according to NAB.
David Jones to close Wellington store, launch online in New Zealand in 2022
David Jones' Australasian operations are undergoing a review by parent company Woolworths Holdings.
Nick Scali profit almost doubles during first half
January 2021 was the largest month of written sales orders the business has ever seen.
Alphabet’s Google posts record sales as retailers shell out for ads
Alphabet shares jumped about 8% to $2,067 in extended trading.
Events
