Afterpay has failed to sustain the share price spike some pundits tipped would follow its full-year results, as questions remain as to the true value of the company.
Woolworths has copped a 1.2 per cent hit to its profits as the coronavirus pandemic drives a wrecking ball through the supermarket giant's hotels division.
Consumers in Perth are more confident than any other major capital by some margin, according to the latest ANZ Roy Morgan weekly consumer confidence data.
Entertainment retailer JB Hi-Fi has been buoyed by customers spending more on electronic equipment to supply their home offices during the coronavirus pandemic.
Retail sales in Australia fell by 3.4 per cent in the June quarter amid coronavirus lockdowns, which is the biggest drop since the GST was introduced in 2000.
Retail sales in Australia rose a solid 2.4 per cent in June, as people flocked to reopened cafes and restaurants and spent more on clothing in the first full month of trade since the lockdowns ended.
Cash Converters is claiming a solid balance sheet after it extended a $150 million securitisation facility, following a turbulent time for the payday lender.
Franchisor Joyce Corporation has sold its remaining stake in Lloyds Online Auctions for $3.8 million to an entity controlled by Lloyds director Steven Sarkis.
Online retailer Kogan.com has recorded surging sales and is raising up to $115 million through a share sale to institutional and retail investors, while electronics and furniture retailer Harvey Norman also reported its sales were up this morning.
Sugar-free ice-cream brand Denada has hit supermarket freezers in the United Arab Emirates after its Perth-based founders signed a contract with Middle East supermarket chain Spinneys.
Wesfarmers has accelerated a review into its underperforming Target business as coronavirus lockdown measures hammer sales and spell a likely earnings decline.
Retail turnover surged by a monthly record of 8.2 per cent in March as consumers rushed to stockpile groceries and office supplies ahead of COVID-19 lockdowns.
Brisbane-based jewellery group Michael Hill has suffered an 11.9 per cent dive in third quarter revenue across its global network after it closed shopfronts due to the coronavirus pandemic.
Wesfarmers chief Rob Scott believes the pandemic threat has been well handled by authorities so far, but has urged political leaders to ensure there is a level playing field when it comes to supporting business. Click through to watch the video interview.
Retail spending increased more sharply than expected in February thanks to a surge in spending on basic necessities in supermarkets and department stores.
Perth startup KeepSpace has found its e-commerce packaging services in demand as government restrictions to limit the spread of COVID-19 cause retail stores and hospitality venues to close.
More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.
Online travel agency Webjet will raise $275 million and retailer Kathmandu Holdings will raise $201 million, to deal with the impact of COVID-19 on their businesses.
Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.
Retailer Michael Hill International will close all 14 stores in Western Australia as part of its move to suspend operations nationwide, and in New Zealand and Canada, amidst growing COVID-19 concerns.
Wesfarmers has disclosed that nearly every part of its business has been affected by COVID-19, with Bunnings and Officeworks doing better while Target is suffering.
After going into liquidation in February, Kosmic Sound has been saved by South Australian business Dale Cleves Music Group, shortly after another iconic WA brand Jeanswest was also rescued.
Retail spending stayed weak in January as bushfires devastated many parts of Australia, but the coronavirus outbreak is likely to make a bigger impact.
