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Financial

Financial Archives

What are the retailers reopening on Monday most worried about?

As New South Wales-based retailers prepare to open their doors on Monday, some for the first time in months, the industr...

Wesfarmers moves to block Sigma’s offer for API

"Given Wesfarmers' commitment to progress its own proposal to acquire API, Wesfarmers does not intend to support or vote...

Westfield Direct turns shopping centres into distribution hubs

Scentre Group has launched its network-wide marketplace offering, Westfield Direct, which will allow customers to shop o...

Who is Domino’s new CEO for Australia, New Zealand?

Burness started as a delivery driver for then Silvio’s Dial-A-Pizza in 1991 while studying at university, and when the D...

Gap buys AI tech business

Gap said since moving to the cloud last year, it has increased investments in technology to enable growth and innovation...

Kate Morris’ new private equity firm will be 50 per cent women. Here’s why

We speak with the co-founder of newly launched Glow Capital Partners about the opportunity in women-specific products an...

Facebook, Instagram appear to partly reconnect after nearly six-hour outage

Facebook's services have started coming back online nearly six hours into an outage that paralyzed the social media plat...

Nick Scali buys Plush from Greenlit Brands

Sale – to be settled next month – gives Plush an enterprise value of $110 million.
Virgin Australia planes

International borders to open in November: PM

Business groups, which have pushed for the reopening of borders to bring in vaccinated workers and international shopper...

Hallenstein Glassons grows through FY21, but limps into FY22

After a year of growth, sales at the group have fallen 18.9 per cent since the beginning of FY22, driven by store closur...

Mosaic Brands completes $11m EziBuy purchase to fuel online growth

The full acquisition will approximately double Mosaic's annual online sales to make up almost 30 per cent of total reven...

Colosseum kits and plastic flowers help Lego’s earnings double

Toymaker Lego doubled its earnings in the first six months of the year as customers flocked to its reopened stores to bu...
Image of Kate Morris

Adore Beauty founder Kate Morris co-creates purpose-led private equity firm

The new venture, Glow Capital Partners, aims to help purpose-led founders make a positive impact through business, accor...

Bunnings’ acquisition of Beaumont Tiles gets ACCC approval

Bunnings’ proposed acquisition of Beaumont Tiles has been given the green-light by the ACCC, which said the buy-up won’t...

Toys ‘R’ Us downgrades FY21 result with $5.1 million loss

Toys 'R' Us has released an updated set of figures to the market which paint a less rosy image of its FY21.

Rebel signs 10-year partnership with Fanatics

According to Rebel’s managing director Gary Williams the deal brings more than 25,000 new licensed sporting items to the...

August retail figures show impact of prolonged lockdowns

National retail sales fell 1.7 per cent in August compared to a month prior, and slowed 0.7 per cent compared to the sam...

Woolworths’ Everyday Market launches nationwide

Everyday Market has been piloted in “select areas” since July 2021, during which time the customer response was “encoura...

Will soaring shipping costs make Australian manufacturing more attractive?

Spending shifted from services to goods, the demand for which is now at pre-pandemic levels.

Retail to reopen in NSW on October 11

Retailers will still be subject to density limits, but will able to open their doors for the first time in months after ...
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