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Financial

Financial Archives

Nick Scali confirms it’s looking to buy Plush Sofas

According to reports, the buy-up could be part of a larger divestment by Greenlit which is reportedly also looking to se...

Sydney tightens lockdown as Australia’s Covid-19 cases rise

Finally, clarity from the NSW state government on what types of retailer can remain open during extended lockdown from m...

Morrison proposes “more simple and streamlined” business support process

Speaking to media, the PM announced he would propose the changes to the way support is dished out at the National Cabine...

Michael Hill trades up in FY21 despite 10,000 lost trading days

Digital sales grew 1.1 per cent and broke $30 million for the first time for the group, hitting 6.2 per cent of full yea...

Naked Wines revenue grows 42 per cent as online booms

Alicia Kennedy, managing director of Naked Wines Australia, said the results grew on an already landmark result the year...

RangeMe opens 200,000 suppliers to Australasian retailers

RangeMe allows businesses to search and filter for products they want to sell, creating a more specific and intentional ...

Lockdown likely to hurt retailers, as customer confidence fluctuates

“While the Australian economy continues to perform well, consumer spending is increasingly taking a back seat as a drive...

PayPal Australia takes on Afterpay

Tech giant Apple may also be entering the BNPL arena, reports suggest.
Scott Morrison

Business support payments to start next week as lockdown extended

Businesses that have seen at least a thirty per cent decline in turnover due to the Sydney lockdown are eligible for pay...

SmileDirectClub misled customers on insurance claims, alleges ACCC

The business told customers they could be reimbursed for treatment, when most health funds wouldn't cover them.

HelloFresh to pick up beleaguered Youfoodz

The bid values YouFoodz at approximately $125.3 million and will push HelloFresh into the pre-made meals market.

Lockdown support for business “imminent”: NSW Premier

Scentre Group is also offering rent deferrals to hard-hit businesses.

Indigenous business sector a significant, growing contributor to the economy

The Ombudsman stressed that every dollar spent with an Indigenous business goes a long way.

Wesfarmers makes $687 million bid at picking up Priceline

Wesfarmers managing director Rob Scott said the acquisition would also enable the conglomerate to enter the “growing hea...

Premier threatens to call EGM to fire Myer board members

“Any other action would be futile, and costly for Myer shareholders who have endured enough,” Premier wrote in a stateme...

Five years after Shark Tank, sportswear startup OnTheGo collapses

Reports suggest the startup has collapsed, owing some $6.5 million to creditors, and is set to be wound down once its as...

MyDeal delivers record revenue as customers flock to online shopping

“MyDeal has again delivered above industry growth rates… by building on our value proposition of providing superior valu...

Bricks-and-mortar, online retail grew in May

The result follows a massive jump in yearly sales the month prior, as the industry cycled out the initial impact of the ...

7-Eleven settles franchisee class actions

A statement from the convenience chain confirmed the settlement but gave no insight into the details of the agreement.

Gap to close all 81 stores across the UK, Ireland

US apparel company keen to retain a presence – most likely online only.