Retailer collapses with $3.6m of debt
A Victorian fashion company has become the latest casualty in Australia’s struggling retail sector after collapsing into liquidation.
Australia Retail
Discover various trusted Australian Retail Ecommerce, Fintech, Startup News, in Australia
Online retailer Cettire says demand for luxury goods ‘healthy’ as revenue jumps 98pc
Cettire customers have defied elevated cost of living pressures by splurging on designer clothes, shoes and accessories, with the online goods retailer posting nearly a 100 per cent jump in revenue.
Pressure builds on Origin’s suitors to lift $18.7bn bid
Pressure is mounting on international suitors Brookfield and EIG to lift its $18.7bn bid for Origin Energy after Australia’s largest electricity and gas retailer hiked its annual earnings guidance.
US markets were ‘extraordinarily volatile last night’
CommSec’s Tom Piotrowski says the US markets were “extraordinarily volatile” last night.
“We had some much stronger than expected retail sales numbers for the month of September,” he told Sky News Australia.
“Pointing to the prospect of more rate hikes in the US, highlights the strength of the US employment market additionally as well.
“So, a sharp selloff in the early part of the session was then marked by a recovery late in the day, which now has the Dow just in positive territory.”
Mr Piotrowski’s comments come as the ASX 200 is expected to start with a modest gain, up by around 0.2 of a per cent.
Presented by CommSec.
What September Retail Sales Say About Consumer Spending and the Economy
Inflation has picked up in recent months, with prices rising on everything from gas to food and insurance. WSJ’s Dion Rabouin explains how the latest U.S. retail sales report will provide the Federal Reserve the most important data point yet on the state of U.S. consumers. Photo: Jamie Kelter Davis/Bloomberg News
Wall Street falls after release of strong US sales data
US stocks have opened lower as investors digested data indicating the country’s retail sales beat expectations last month.
Trophy office and retail assets to test buyer’s appetite
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
Sleeping Duck founders deny freezing out angel investor
The founders of e-retailer Sleeping Duck have denied freezing out an angel investor from active involvement in their company and realising his 20 per cent shareholding.
Proxy firms advise against Mathieson’s man for Endeavour
CGI Glass Lewis, ISS and Ownership Matters have told their clients not to put retail veteran Bill Wavish on the board of the gaming and liquor giant.