Retail

Services sector contracts in April

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Australian Industry Group services index falls 0.5 points to 49.7 in month.

McDonald's announces turnaround plan

by AFP
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McDonald's says it will reorganise international operations as looks to revive sagging sales.

Wesfarmers still on acquisition trail

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Richard Goyder remains on the acquisition hunt despite nearly four years of fruitless searches.

Wesfarmers lays its cards on the table

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The sale of Wesfarmers' insurance businesses left it very heavily focused on retailing. By expanding into retail financial services the company can get back to pursuing its successful conglomerate strategy.

Illegal tobacco costs govt $1.35bn

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KPMG report for tobacco industry says booming Australian black market has grown 30% in two years.

Stockland tightens FY guidance

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Property group eyes EPS growth between 7-7.5%, comparable speciality sales strongest since 2009.

Wesfarmers buys GE out of JV

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Group exercises call option on GE's 50% stake in Coles credit card business, will take full ownership.

Colgate-Palmolive lifts Q1 profit

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Group boosted by stronger sales volumes, despite currency headwinds.

Wal-Mart to add 115 China stores

by AFP
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New stores would equate to an increase of more than 25 per cent.

Australia online spending leaps

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Spending rises 22% in March quarter to $4.37bn, eWAY online retail report shows.

Former Lion boss to chair Metcash

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Rob Murray to join group as non-executive, replace Peter Barnes later this year.

Coles Q3 sales meet expectations

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Wesfarmers-owned supermarket sees like-for-like sales lift 3.8% but price war starting to weigh.

How Coles turned the tables on Woolworths

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If Woolworths CEO Grant O'Brien can't reignite growth rates in his supermarkets, he may be forced to make some big structural changes.

China to lower tariffs on popular imported goods

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Import duties on cosmetics and clothing to be reduced to boost domestic consumption.

What Woolworths could learn from Qantas

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As Australia’s two top supermarket owners prepare for much-anticipated investor briefings, shareholders want to see concrete change to assuage the threat from discounters.

Petrol prices tipped to dent retail sales

by AAP
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Retail sales growth seen slowing as petrol prices lift from recent lows.

Sectors plan new penalty rates push

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The retail, hospitality and pharmacy sectors have ratcheted up their campaign to overhaul penalty rates, citing new evidence.

SurfStitch lifts earnings guidance

by AAP
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Online retailer lifts FY earnings guidance 37% after finishing European restructure.

Apple Watch begins global launch

by AFP
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Relatively low-key launch contrasts to tech giant's usual product fanfare.

Amazon swings to loss in Q1

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E-commerce group reports a loss despite rapidly rising sales in first quarter.

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