Australia Retail

eCommerce is booming and Australia Post is moving to keep itself fit for the future WITH a new $75m state-of-the-art parcel facility.

The consumer mood is darkening and this is forcing retail, hospitality and tourism businesses to rethink their hiring and staffing strategies.

Global beauty retailer Sephora is set to open its third WA store but local boss Mark O’Keefe is already eyeing a doubling of its footprint in the State within the next three years.

Property magnate Randal Humich has made a multi-million-dollar addition to his family’s property portfolio with the biggest Perth CBD retail property sale of the year.

The “productivity bubble” of the pandemic has worn off and a key economic body says investment and innovation are needed to keep living standards improving.

The competition regulator’s approval of the $18.7bn takeover bid for energy retailer Origin has thrown a spotlight on the bold promises of a $20bn-$30 bn renewable energy roll-out in Australia by Canadian investment giant Brookfield.

Ai Group has argued the Federal Government’s latest round of industrial relation reforms will stifle innovation and “undoubtedly discourage investment” in the Australian economy. 

Infant retailer Baby Bunting’s new boss warns of impact on spending of the company’s biggest consumers after the company finished below expectations last year.

Retailer Baby Bunting has warned the financial strains experienced by younger parents, especially millennials, whether they rent or have a mortgage is placing pressure on discretionary spending which includes the types of products its sells such as prams, toys, strollers and clothing.