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Financial

Financial Archives

Zilingo CEO suspended amid financial probe

B2B fashion e-commerce firm Zilingo has suspended CEO Ankiti Bose, after the company’s capital-raising plan led to quest...
Photo of David Jones signage

David Jones’ owner said it’s not selling. Could it be looking to buy?

There's another possible reason why the South African-owned company's CEO has been meeting with banks...

Bad debt blowout fuels massive Afterpay loss

Afterpay’s late payment fees soared by 124 per cent to $79 million in the December half.

‘The growth hasn’t slowed down’: Industry leaders talk future of retail

Delegates from Afterpay, Adore Beauty, eBay and Vicinity Centres spoke at Retail Fest yesterday about what the next few ...

Westpac claims new online scam blocks are saving customers millions

Since January, the bank says it has saved $6 million, on behalf of 69,000 customers, saving an average of $87 each trans...

Inside Lorna Jane’s digital transformation

Lorna Jane relaunched its website in the early days of the Covid-19 pandemic, and saw its largest ever day of sales. Now...

Five minutes with Toys ‘R’ Us’ COO Lian Yu

We talked to Toys 'R' Us' chief operating officer to get an insight into the toy company's transformation.

Winning Group’s sustainable focus on show with new brand, Andoo

Winning's chief marketing officer talks how the group's new business is helping tackle waste.

Healthy Mummy targets growth with new marketplace, wellness platform

The family health business is expanding its operations rapidly with the launch of a family-focused online marketplace, a...

The rise of Sheike: From Sydney market stall to style authority

Here, Sheike general manager Sarah Kennedy discusses the business' soon-to-come Adelaide store and plans for further exp...

Catch boss to depart as Wesfarmers restructures digital arm

Pete Sauerborn will leave the business on June 30 after two years leading the company.

Why Sans Drinks founder Irene Falcone is looking to franchising for growth

Five years after selling off her business Nourished Life, Irene Falcone is looking to franchise out her Sans Drinks bran...

Swiss watchmakers grapple with fallout of Russian crisis

Ulysse Nardin's Patrick Pruniaux said the brand still had about 20 sales outlets, but was now much less dependent on Rus...

7-Eleven to pay $595,000 after chain misled franchisee about lease terms

The retailer was found to have breached the Australian Consumer Law in its pre-purchase dealings with Yong Li and Zhe Wa...

Budget’s $8.6bn cost of living package fails to address retail’s needs

A number of industry players have stated the Government’s cost of living package is welcome, but is too focused on solvi...

Despite supply chain issues and labour shortages, hope lies ahead for NZ

The coming year may offer the sector the chance to attract a cashed up post-pandemic consumer. But they’ll have to clear...

ABS data reveals strong retail sales growth in February

Despite supply chain disruptions, departments stores recorded a 5-per-cent increase after months of decline.

What investors want: The four e-commerce metrics that matter most

In the competitive world of online retail, building an e-commerce business that stands the test of time, and has the pot...

Hallenstein Glasson profits hit by Covid

Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid...

Fashion rental is back: Designerex looks to raise funds as demand surges

Peer-to-peer fashion rental platform Designerex is looking to raise fresh funds to help it scale in the US and other glo...