This Month
Retailers exhale as Black Friday stokes demand
From sneakers to Frank Green water bottles, shoppers opened their wallets for early Christmas deals.
- Carrie LaFrenz
November
Black Friday temptation stands between shoppers and their savings
Retailers are looking forward to a bumper sales event this weekend, as canny consumers hold off spending in anticipation of bagging some bargains.
- Joanne Tran and Carrie LaFrenz
How Black Friday really works | Investing ideas from world’s biggest banks | CEO’s election fears
This week, the Chooks explain how Black Friday really works, reveal what business is thinking ahead of the federal election and look at the best investment ideas from the world’s biggest investment banks.
Labor pushes 36 bills; RBA reforms loom; Don’t be a Black Friday fool
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Don’t be fooled by those Black Friday deals
The imported phenomenon of Black Friday seems to get bigger each year. It’s all part of a psychological game of cat and mouse between retailers and shoppers.
- James Thomson
Small retailers give a ‘hard no’ to Black Friday and the big sales
Dr Dough Donuts boss Kristy Bannister says discount blitzes like Black Friday do more harm than good for smaller retailers by creating “unsustainable” expectations.
- Gus McCubbing
August
Dan Murphy’s owner Endeavour reveals slow start to the financial year
The group, which also runs hotels and wineries, started the new financial year with weaker than expected turnover.
- Carrie LaFrenz
- Updated
- Earnings season
Jump in JB Hi-Fi sales fuels retail earnings optimism
Investors predict better-than-expected earnings for retailers after months of soft trading.
- Updated
- Carrie LaFrenz
‘We know over 500 customers’ are searching for it’: the big changes coming to DJs
Although shoppers remain cautious, Scott Fyfe and Anchorage Capital are hoping their $250 million revamp will keep consumers spending.
- Carrie LaFrenz
February
JB Hi-Fi shares hit record as retailer tops first-half expectations
Chief executive Terry Smart says it is vital for the retailer to keep improving productivity given the rising cost of wages and utilities.
- Updated
- Carrie LaFrenz
January
How retailers adapt to the crunch
Charles-Eddy Vitry shut down his record store’s physical shopfront in December to go online only after sales plummeted and his rent increased by 20 per cent.
- Gus McCubbing
Retail sales plunge, Godfreys goes bust
Shoppers slashed retail spending in the run-up to Christmas by the most since the pandemic lockdowns, by cutting back on household goods, clothes and footwear.
- Updated
- John Kehoe
Supercheap Auto, BCF sales jump as Rebel slows
Black Friday and Christmas trading was good for Super Retail Group, but higher wages, rent and electricity will dent margins in the first half.
- Carrie LaFrenz
December 2023
KMD dives to lowest since 2020 after sales drop 12.5pc
The owner of Rip Curl and Kathmandu says orders from its wholesale customers have dried up, while sales of rainwear and puffer jackets were weak due to warmer weather in Australia.
- Carrie LaFrenz
- Exclusive
- Retail
The six locations where AusPost is testing the end of daily letters
The government is expected to sign off on dropping such deliveries potentially as early as this week, as part of a restructure of Australia Post.
- Patrick Durkin
Lew’s Premier Investments posts record Black Friday sales
The billionaire told Premier’s AGM a review into a possible demerger confirmed “significant” future growth options available to each of its brands.
- Carrie LaFrenz
November 2023
Temple & Webster bucks retail downturn, posts 27pc surge in sales
The furniture store’s chief executive, Mark Coulter, says that “demographic shift trumps any of those macro trends” with more shoppers heading online.
- Simon Evans
- Updated
- Interest rates
Bullock says households are coping as Lowe issues warning
The RBA governor says household finances are holding up despite the “political noise” around 13 interest rate rises as her predecessor Philip Lowe warns inflation may be hard to tame.
- Michael Read
Black Friday sales sizzle, set to be bigger than Christmas
Shoppers are tipped to spend over $6.3 billion over the four-day shop-a-thon, up 3 per cent on last year. But budgets are under pressure, and sales have come early.
- Carrie LaFrenz
- Opinion
- Retail
Why Black Friday discounts could come back to bite retailers
In a desperate attempt to boost lacklustre sales, retailers have turned what was originally a short, sharp shopping promotion into an extended margin-sapping clearance sale.
- Sue Mitchell
