Myer boss Bernie Brookes has tried to paint a rosy picture for the struggling department store chain's future despite forecasting flagging sales and earnings.
Consumer goods retailer Harvey Norman is drastically scaling back plans to conduct five per cent of its trade online, only months after launching a brand new website.
Woolworths says its net profit has fallen more than 16 per cent, due to the restructure of its Dick Smith chain, and it expects trading conditions to remain subdued for the rest of the year.
The Australian dollar pushed to its highest level in almost three weeks, rising above 108 US cents, following data showing the retail sector having recovered from its pre-Christmas blues.
Shares in consumer goods retailer Harvey Norman fell more than six per cent after the company reported worse than expected sales in an uncertain retail environment.
Internet-based shopping is growing at ten times the pace of the struggling traditional retail sector, with annual sales surpassing $10 billion for the first time.
Motorists can kiss goodbye to cheap petrol from tomorrow, with prices set to hit $1.55 as world oil prices surge due to supply concerns in the Middle East.
Woolworths aims to chalk up $1 billion in online sales within two years as it works to ensure all of its businesses are trading on the web by the end of 2015.
Loyal David Jones customers are spending more than they did before the financial crisis, but the department store chain is reluctant to call the bottom of the market just yet.
Western Australia's peak union body has lashed out at Premier Colin Barnett over comments he made that Sunday retail workers should not be paid such high hourly rates.
Beverages supplier Coca-Cola Amatil says markets in Indonesia and Papua New Guinea are its strongest performers, and boosting investments there will be a high priority in 2012.
Australia's two most powerful supermarket players, Woolworths and Coles, have increased their dominance on a global scale after being named among the top 21 retailers in the world.
Wesfarmers has bucked the job shedding trend with plans to employ more people this year at Coles and its other retail chains, after underwhelming the market with a flat first half profit result.
Shopping centre giant Westfield is upbeat about the future of retail sales in Australia despite overriding consumer caution and economic uncertainty abroad.
A motorists' lobby group says the competition and consumer watchdog has the power to crack down on petrol price gouging by supermarkets and other fuel retailers.
The Western Australian electric scooter company that helps transport postmen in Spain and police in the Czech Republic has announced its first shipment to Malaysia.
Wesfarmers' largest business, Coles, has recorded its best ever Christmas sales in 2011 as the supermarket chain continues to lure customers away from rival Woolworths.
Australian fruit and vegetable growers fear they will become the latest victims in the supermarket price wars after Coles slashed its fresh produce prices.
Woolworths says its first half sales rose five per cent to $29.7 billion despite the supermarket giant facing subdued consumer confidence and falling prices.
