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Financial Archives

Global Fashion Group raises US$143 million to fund growth

The Iconic set to gain from parent company's share placement.
Group of Gen Z shoppers

Retailers divided on holiday expectations: Deloitte

Some retailers aren't expecting Christmas sales to soar.

How lockdowns have helped make the case for mixed-use development

To remain resilient despite a challenging economic climate, retail landlords look into the development of mixed-use reta...

Bunnings, Officeworks start FY21 off with a bang for Wesfarmers

While Kmart Group limps into the new financial year.

Printemps to close seven luxury stores in wake of Covid

French department store chain Printemps, a magnet for foreign shoppers seeking high-end goods in Paris, will close some ...

VF Corp adds Supreme to its stable in US$2.1 billion deal

VF Corp will pay US$2.1 billion to buy streetwear apparel company Supreme, adding another popular brand to the Vans shoe...

Are digital fitness apps the biggest opportunity in activewear?

Under Armour’s recent sale of its MyFitnessPal platform comes as other major players beef up their fitness offerings.

McDonald’s launches new growth strategy; beats profit estimates

Business unveils "McPlant" line of plant-based menu items.

Melbourne’s lockdown collapsed Vicinity Centre’s quarterly sales by a third

With the re-opening of Melbourne retail business is already looking up, said CEO.
Alibaba logo

Alibaba sales exceed forecasts on Chinese e-commerce growth

Alibaba Group beat third-quarter revenue estimates, driven by e-commerce growth after China emerged from coronavirus loc...

WHSmith repays more than $2.2 million to underpaid workers

As of the beginning of October, the business had identified and paid back 1,511 staff members for payment errors made be...

September retail sales down 1.1 per cent: ABS

The ABS said the fall was caused largely by decreases in household goods spending and food retailing.

Alibaba reportedly looking to invest in online fashion retailer Farfetch

Shares of London-based Farfetch jumped about 16% to $32.59 following the news.

Woolies’ holiday season starts strong with first-quarter sales up 12 per cent

Online sales were also up 86.7 per cent to $1.5 billion.

Booktopia seeks $43 million to go public this December

The business launched a prospectus to launch on the ASX this holiday season.

Online shopping slowed ascent in September as regional restrictions eased

While online growth is slowing, it remains among the strongest levels seen in the NAB ORSI’s history.

Former Steinhoff CEO fined millions for insider trading

Marcus Jooste sent a 'warning SMS' to several shareholders before the furniture firm's infamous stock crash in 2017.

JB Hi-Fi grows into the first quarter, launches ‘on-demand’ delivery service

A three-hour rushed courier delivery service is now available in parts of Australia.

LVMH’s Tiffany takeover back on – at a slight discount

LVMH and Tiffany & Co have agreed to new terms and a slightly reduced price for the French luxury group's takeover of th...