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BusinessCommentsPremiumWesfarmers boss claims cost-of-living crisis being exploited

The chairman of Bunnings and Kmart owner Wesfarmers has accused politicians of bashing big business to curry favour with voters, saying ‘profit seems to be a dirty word’.

Sean Smith

BusinessPremiumConsumer behaviour in focus ahead of cash rate meeting

More information on household spending, lending and childcare costs will follow a data-intensive week on the economic calender headlined by inflation figures.

Poppy Johnston

UpdatedProfit not a ‘dirty word’: Bunnings boss

The chairman of the retail giant that owns Bunnings and Kmart has defended big business and hit out at ‘political leaders of all persuasions’.

Duncan Evans

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Say ‘cheese’: Coles blocks the exit with this $9.50 cracker

Coles will splash out $880 million on a new automated distribution centre in Victoria as it pushes further into robotics to keep products on shelves when customers demand.

Sean Smith and Daniel Newell

RetailPremiumUproar over popular Woolies product

Concerned Woolworths shareholders dominated the annual general meeting with debate about the company’s sourcing practices for farmed salmon.

Aisling Brennan

EconomyCommentsRetail sales miss forecast but up 2.3pc for the year

Australians were dining out and buying more hardware in September but retail sales grew less than expected.

Matt Mckenzie

UPDATEDPremiumGrim warning for Australian economy

Stage 3 tax cuts and wage growth have only marginally lifted retail sales in Australia, sparking this warning.

Cameron Micallef

RetailPremiumWoolies rejects fake discount claims

Woolworths Group has railed against allegations it deceived customers with false discounts on specially-marked products.

Aisling Brennan

NEWSPremium‘Cross-shopping’ trend taking over Australia

Australians are finding new ways to save at the checkout, with more hunting around for the cheapest prices.

Cameron Micallef

RetailCommentsDesperate Woolies worker’s AGM plea for a ‘liveable wage’

The 64-year-old says is scratching by on $26.04 an hour with little prospect of adding meaningfully to her pay and questioned how younger fellow employees could afford to buy a home.

Sean Smith

RetailCommentsPremiumProfit not a dirty word, says Wesfarmers chair

Wesfarmers chair Michael Chaney will lash out at critics as it continues to power through the cost-of-living crisis that is squeezing millions of Australian households, saying profit is not ‘a dirty word’.

Daniel Newell

shoppingPremiumFish furore: Woolies refuses to phase out farmed salmon

Woolworths shareholders have questioned the company's board over its pricing practices and use of farmed salmon which threatens the existence of a rare fish.

Jacob Shteyman

RetailCommentsWoolworths flags lower profit as shoppers chase discounts

Despite an expected boost from Christmas trading, Woolworths says December-half profit before interest and tax is set to fall between $1.48 billion and $1.53 billion, against the previous forecast of $1.59b.

Sean Smith

UPDATEDPremiumWoolies’ surprise call on bottom line

Australia’s largest supermarket says cost-of-living pressures are weighing on its bottom line as it announced a surprising profit warning.

Cameron Micallef

MarketsPremiumASX edges higher for 3rd straight day

The ASX closed up 0.3 per cent for the third straight day, as investors wait for clarity from global markets.

Cameron Micallef

NewsPremiumSurprise reason for wild restaurant line

Hungry lunchtime shoppers have been spotted queuing down the street for an unusual promotion in the CBD of one of Australia’s biggest cities.

NewsWire

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RetailComments
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Myer’s $868m buys Just Jeans, Jay Jays, Portmans

Myer and its most vocal critic have struck a deal for the department store chain to buy his company’s portfolio of fashion brands, including shopping mall mainstays Just Jeans, Jay Jays and Portmans.

Daniel Newell

NewsPremiumMajor change coming to iconic brands

A retail giant is shaking up the fashion scene by acquiring five major brands and adding more than 700 stores to its portfolio.

Alexandra Feiam

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RetailPremium
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Gage Roads owner calls last round on the ASX

The famed WA brewery behind Gage Roads and Matso’s will reveal plans on Tuesday to exit the Australian Securities Exchange.

Matt Mckenzie

NEWSNando’s Australia set to change forever

A popular fast-food chicken chain has just opened a new “elevated” dining experience as part of a company refresh to grow and capture more hungry Aussies.

Duncan Evans

RetailCommentsShock as Noni B, Katies and Millers owner goes under

The future of 700 Australian retail shops hangs in the balance after the business behind brands Millers, Noni B and Katies called in administrators.

Matt Mckenzie

CNBC newsWhy Maccas is holding the onions on Quarter Pounders

The famed burger is back on sale in the US as authorities investigate the source of an outbreak of a deadly E. coli outbreak.

Amelia Lucas

BreakingMajor Aussie fashion retailer goes bust

A major ASX-listed retailer that owns iconic brands such as Katies, Rivers and Millers has gone into voluntary administration.

Duncan Evans

MONEYPremiumSurprise surge in Aussie cash use

Amid rampant bank branch and ATM closures, new figures have revealed a surprising turn in the use of cash across Australia.

Blake Antrobus