Australia Retail

Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.

Only about one-quarter of us can be bothered shopping around for the best price, which only adds to the big profits of Australian retailers. Here’s a few savvy shopping tricks to get yourself a bargain.

Small business is feeling the pinch in the lead-in to Christmas, according to a new survey by the Australian Retailers Association.

A brave new world of hi-tech surveillance is sweeping through Australian supermarkets, with retail behemoths Woolworths and Coles investing millions in more cameras.

Grocery retailer Aldi is facing a class action for the alleged deliberate underpayments of more than 20,000 workers totalling $150 million.

One of the country’s largest retail chains, Harvey Norman, says pre-tax profits have almost halved in the September quarter as the cost of living crunch sees households with less money to spend on appliances, TVs, furniture and other gadgets.

Furniture, electronics and white goods retailer Harvey Norman says a slump in sales has hit profit for the first quarter of the financial year. 

Welcome to the Trading Day blog for Friday, October 27. ASX 200 to waver. Weak July-Sept sales dent consumer retailer’s earnings. ResMed’s strong start to FY24. SkyCity warns of ‘considerable uncertainty’. Fletcher waits on ‘cycle to turn’. FTX founder struggling for answers in US trial. 

Origin Energy has agreed a deal to underwrite the development of Venice Energy’s LNG import terminal in South Australia, as Australia’s largest electricity and gas retailer moves to secure supply routes ahead of a looming east coast domestic crunch.