The wind down and transition of Catch is expected to create one-off costs between $50 million and $60 million.

1 day ago · Business turnover rose 2 per cent in November 2024, new figures from the Australian Bureau of Statistics (ABS) revealed. This is despite a 1.4 per cent year-on-year fall in the retail trade industry, alongside a 10.4 per cent fall in mining - the only two industries to record year-on-year falls. While business turnover in mining was down …

20 hours ago · Australian footwear conglomerate Accent Group is projecting its earnings before interest and tax (EBIT) for the first half of FY25 to be around $80 million. This is up from $72.4 million recorded in the first half of FY24. Despite the stronghold on earnings, the group’s gross margin is being impacted by a promotional trading environment, down 100 basis points against the prior year. Accent ...

5 days ago · The etail business revealed how it achieved double-digit growth in gross sales.

Jan 15, 2025 · Roy Morgan CEO Michele Levine said the latest data shows unemployment surging to the highest in five months.

5 days ago · ANZ-Roy Morgan Consumer Confidence has dropped 1.3 points to 85.8 in mid- January, with buying intentions down for a second straight week – the only index to register consecutive weekly declines. Consumer confidence is now 1.4 points above the same week a year ago, and 2.9 points above the 2024 weekly average of 82.9. Alongside softness in buying intentions, the index this week also shows ...

5 days ago · The etail business revealed how it achieved double-digit growth in gross sales.

Dec 2, 2024 · The latest cut follows a 50 basis point drop in the Official Cash Rate in October, but economists say the effects will take time.

Dec 19, 2024 · The positive news adds a glimmer of hope for retailers after a tumultuous year.

Dec 4, 2024 · From business acquisitions to business rightsizing, here are the top leaders in Australian fashion.