The retailer lowered its full-year guidance and issued a weak current-quarter outlook as its interim CEO blamed ‘negative commentary in the media’ and recent product launches that failed to wow shoppers.
Gabrielle Fonrouge
Being just the second chair who hasn’t worked at Wesfarmers makes the appointment of Ken MacKenzie rare enough to question whether he will stick to the succession script when it comes to the next CEO.
Sean Smith
The King’s Birthday has given many Aussies the chance to kick up their feet and relax while others make a dash for last-minute shopping.
Alexandra Feiam
A platform that costs $4 a month has been named Australia’s favourite rewards program, marking the first paid membership to take the crown.
Australian vintner Treasury Wine Estates is expecting lower earnings for the current financial year as it looks to focus on solidifying key markets and bolstering its position in the luxury portfolio.
Ben Westcott
An expected stunning reversal in Australia’s runaway residential property market will weigh on perceptions of household wealth and consumer confidence, experts say.
Rebecca Le May
Fuel retailer Ampol has agreed to offload dozens of service stations across the country to win approval for a $1.1 billion takeover of rival EG Australia that will take its network to more than 1000.
Daniel Newell
Less than a year after Old Young’s Distillery was placed in administration, founder James Young has capped an extraordinary comeback by winning one of the world’s top gin awards.
Ryan Johnson
Two of the world’s biggest entertainment brands have joined forces to launch a new screen-free interactive toy line.
Andrew Hedgman
Cyber criminals have hacked into a famed Australian fashion house via its point of sale system, stealing countless customers’ personal details including their home address.
New menu items are in testing as part of a wide-ranging wager on higher-quality food, as well as more engaging social media campaigns and restaurant upgrades.
Daniela Sirtori
Woolworths staff will use VR headsets and tech across 1000 stores from next month to ensure premium offerings of an Australian diet staple.
Blair Jackson
Online retail giants Amazon and eBay have been urged to pull “potentially deadly” magnets from their virtual shelves.
David Hannant
Wesfarmers is scrapping its smallest division, consolidating its industrial and safety businesses into its hardware powerhouse.
Ever wondered how to rack up frequent flyer points, with some of the savviest hacks involving wine, gift cards and even just walking the dog?
Australian retailers are facing a “pincer movement” of rising costs and weakening demand, which is tipped to batter local businesses.
Cameron Micallef
Amazon’s Australian arm is being taken to the Federal Court in a landmark product safety case over children’s backpacks that allegedly failed to carry mandatory button battery warnings.
The botched outings are a cautionary tale for executives looking to expand beyond Australia, and for investors sizing up a company’s promises of overseas growth.
Angus Whitley
Australia’s consumer watchdog has slapped a blanket ban on baby bottle self-feeding devices amid fears they could cause injury or death.
Emma Kirk
Australia’s biggest car dealership completed its $658m purchase of a controlling stake in Canadian retailer CanadaOne in April.
Endeavour boss Jayne Hrdlicka has flagged a major shake-up of its premium wine portfolio as she talks tough about restoring the Dan Murphy’s and BWS owner to its former glory.
Cheyanne Enciso
Kogan surged more than 16 per cent after the online retailer posted stronger sales and earnings as its Australian business offset losses at NZ arm Mighty Ape.
Guzman y Gomez has been hit with a class action lawsuit in the US for allegedly failing to give staff enough notice when it abruptly shut down its loss-making American operations.
As some of Australia’s biggest booksellers struggle to defy the dominance of e-commerce, it’s the independents that have found ways to thrive.
