Shares in Pacific Brands have dived by more than five per cent after the troubled clothing maker unveiled a blowout in full-year losses and announced its boss will leave.
Australian businesses are experiencing another decline in retail spending as fickle consumers hold on to their money after two months of opening their wallets.
Myer chief executive Bernie Brookes says the traditional big retailers will overcome their reluctance to adapt to the internet by becoming the top 10 shopping sites within five years.
Canny shoppers are seeking value for money to combat falling house prices and shrinking superannuation funds, Wesfarmers boss Richard Goyder says as his conglomerate posts an 11 per cent lift in fu
Westfield has lifted its first half profit by nearly a third and says it will boost investment in its better-performing Australian shopping centres to drive earnings further.
Westfield has confirmed it is in talks with financial services group AMP about a possible split of the multi-billion dollar shopping centres they own and manage.
Struggling department store operator Myer has appointed Paul McClintock as a non-executive director and chairman-elect, after current chairman Howard McDonald decided to stand down.
Unsecured creditors of school supply business Wooldridges, which collapsed last week with $50 million in debt, are likely to receive less than 10 cents in the dollar.
The competition watchdog says it is making progress in investigating whether major supermarket chains abuse their market power in dealings with suppliers.
Australians are paying almost twice as much as US shoppers for some computer games because the IT industry discriminates, consumer watchdog Choice says.
The head of one of Australia's retail giants fears there is no end in sight to the nation's consumer gloom, despite its flagship Coles supermarket boasting a hefty full year sales increase.
Australia’s oldest family-run business Lionel Samson Sadleirs Group along with MG Kailis Group and footwear retailer Betts Group have been made the inaugural inductees into Family Business Australi
Truck drivers are rallying outside Coles stores across the country calling for the retailer to be held to account for pressuring truckies and causing accidents.
Shares in troubled surfwear retailer Billabong have surged by more than 20 per cent after it received a second takeover offer from US private equity firm TPG.
A bitter industrial dispute at a Coles Melbourne warehouse may be close to an end as workers vote on a new deal brokered between the union and management.
Supermarket private label product sales have grown by an enormous 85 per cent in the past five years and will account for a quarter of the $86 billion Australians spend on groceries in the next yea
