Latest Financial News - Inside Retail Australia

ASX set for early rise after Wall St gains

Australia’s share market is set to rise in early trade.

Image of Total Tools storefront

Metcash to expand hardware arm with $57m Total Tools acquisition

Wholesale giant announces acquisition plan on the heels of a 3 per cent revenue increase in FY20.

ASX set for subdued opening on virus cases

The Australian share market is set to begin trade lower as rising virus infections in the US and Victoria concern traders.

Emporium Melbourne Vicinity Centres

Retail rises 16.3 per cent to $28.8 billion in May

Industry sees biggest rise in May following biggest fall in April.

Image of woman lounging on sofa

Nick Scali brings forward dividend payment on strong sales

Furniture chain says sales have rebounded, but FY20 earnings still expected to be slightly down.

Minimum wage increase to hit retail in February 2021

The minimum wage will rise to $753.80 a week starting July 1.

ASX to open flat amid caution over virus

A flat start is likely for the ASX after rising coronavirus infections in some US states and Beijing prevented any notable movement of US markets overnight.

First Responders Day ARA

Medical workers, police and firefighters offered discounts on First Responders Day

The campaign aims to create a more upbeat mood in the retail industry to kick-start the ARA’s retail recovery program.

Temple & Webster

Temple & Webster earnings rocket 668 per cent year to date

All major categories saw a significant uplift as customers turned to online to fill their homewares and furniture needs during lockdown.

Image of closed Uniqlo store

Real retail turnover growth to fall 1.4 per cent in 2020: Deloitte

Latest report from Deloitte Access Economics predicts 2020 will be worst year on record for retail.