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Department stores

Department stores Archives

Central Group leads Selfridges buyout in US$5 billion deal

Luxury British store chain Selfridges is being sold to a Thai retailer and an Austrian property company in a deal that a...

Woolworths’ first half succumbs to Delta’s strain

Sales growth in the half fell to 3 per cent throughout the half, compared to the 10.6 per cent seen this time last year.

The lowdown on Central Group – reported new owner of Selfridges

Speculation is swirling around the reported sale of iconic British department store Selfridges to Thai conglomerate Cent...

Harvey Norman profit tumbles 35 per cent from pandemic high

Early FY22 results for the company showcase that, despite lockdowns, FY21 was a particularly strong year for the chain.

Best & Less loses steam as customers stay wary

And, due to the continued shift in consumer behaviour, the business no longer expects to meet its first-half prospectus ...

Kmart expands doll line up to include Guide Dog Handlers

Kmart chief executive John Gualtieri said inclusion and representation are incredibly important, not just for children w...

Myer board spill avoided, two new directors appointed

Department store Myer failed to avoid a second strike after its Remuneration Report received only ~65 per cent of shareh...

‘That’s Target’: Inside the Aussie retailer’s recent brand relaunch

After undergoing a major restructure, Target Australia has relaunched its brand in an effort to reconnect with its DNA o...

David Jones reaches profitability for the first time in years

$70 million in JobKeeper and other government wage subsidies played a major part in the business' profitability.

Why major US retailers are backing Black-owned brands

Major US retailers like Nordstrom and Target have committed to stocking more diverse brands as part of their broader eff...

Exclusive: Welcome to Myer’s new Virtual Store

The Virtual Store concept allows shoppers to experience products from Myer's online marketplace in real life and gives t...

David Jones is the latest department store to embrace resale. Here’s why

Nordstrom, Selfridges, Madewell and Adidas are doing it, and now David Jones is too.

Peloton launches in Westfield, partners with David Jones

David Jones’ general manager of menswear, childrenswear and home Chris Wilson said the department store is thrilled to b...

How Myer plans to reach $1 billion in online sales

The department store's online sales have more than doubled to over $500 million since 2018, and CEO John King believes t...

Myer bounces back to profitability, names new chair

Myer’s profit is a strong improvement on the $172.4 million deficit the business suffered in FY20.

Exclusive: Target Australia MD talks turnaround ahead of brand relaunch

Richard Pearson is just the latest person to attempt a turnaround at the perpetually underperforming retailer. Here's wh...

Wesfarmers: ‘When stores cannot trade, revenue declines’

Despite significant online sales growth and an overall increase in revenue, the retail conglomerate reported the impact ...

Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movemen...

Newly-listed Best & Less delivers record profit

Best & Less’ main goal for the year ahead is to remain as flexible and productive as possible to prepare it for the inev...

“Not surprised”: Experts react to Amazon’s reported department store plan

The move would represent the retailer’s biggest bet on bricks-and-mortar to date. And it would come at a time when some ...