Reporting and analysis on retail, e-commerce, and consumer trends in Australia, updated continuously by our newsroom.
Kathmandu has raised nearly $96 million from institutional investors via a fully underwritten 1 for 4 pro rata accelerated entitlement offer to help fund its acquisition of Rip Curl. Eligible institutional shareholders took up 88 per cent of their…
Sephora will open its first store in South Australia on October 10. The beauty giant today revealed the launch date for its Rundle Mall store in Adelaide, and provided details about the opening day event. “We will be taking over the section of Rundle Mall…
Online retail is one of the biggest trends of today. Visiting the actual stores and going shop by shop to find your preferred product is slowly fading away and leaving its place to the online shopping experience. Everyone wants to sit at home, browse through…
Amazon Australia has expanded the reach of its marketplace, now offering refurbished products through certified sellers under its ‘Renewed’ program. Products sold through this program will have a six-month selling partner-backed warranty and will be inspected…
Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal. The German automaker said it would pay…
Beauty brand Sephora is opening its first store in South Australia next month in Adelaide’s Rundle Mall. According to Sephora Australia and New Zealand country manager Beth Glancey, a store in Adelaide has been long requested by its more fervent fans. “We…
Swedish furniture chain Ikea has expanded on its efforts to put Aussies to sleep, creating a live-streamed ‘Slow TV Channel’ which follows the 14-day journey of its products aboard a cargo ship. Decidedly unexciting, the effort mixes the soothing sound of…
A closely watched measure of Australian business confidence declined in August as conditions remained sub-par, suggesting momentum in the corporate sector is weakening. National Australia Bank’s index of business conditions fell 2.0 points to +1.0 in August,…
Kathmandu on Tuesday announced it has become a certified B Corporation, making it the biggest B Corp in Australia and New Zealand. B Corps are for-profit businesses that meet the highest standards of social and environmental performance, public transparency…
Australian designer brand Zimmermann has opened its 12th store in the US and its third in New York City with the launch of a new boutique on the Madison Avenue. The prestigious shopping street is home to the likes of Carolina Herrera, Christian Louboutin,…
Lululemon is partnering with Swinburne University of Technology to offer a free diploma of business for store managers, regional managers and training managers. The course, which Lululemon is fully funding, is comprised of eight units covering personal skills…
Chinese discount merchandise chain Miniso says it expects to have 100 stores trading in Australia by the end of next year. “Australia is a key country in the world for the rapid expansion of Miniso,” said Miniso Australia VP Richard Li. “Our chain of stores…
Daigou buyers from Australia – individuals and groups who buy infant formula and other consumables in offshore retail outlets, selling them at huge mark-up prices in China – have been locked out of one China’s fastest-growing online malls. Aomaijia, which…
The Australian dollar rebounded overnight and is buying 67.69 US cents Wednesday, up from 67.25 US cents on Tuesday. Yesterday, the local currency neared its decade low before rebounding. The Aussie dollar dipped to close to a recent 10-year low on weak…
Swedish heritage outdoor brand Fjallraven has opened a flagship store in Sydney nearly one year after making its brick-and-mortar debut in Australia. The store, located on York Street in Sydney’s CBD, stocks the brand’s popular Kanken rucksack, as well as a…
Alceon Group has announced the locations of two new Lego stores opening in Queensland this year. The investment firm, which holds the distribution rights for Lego in Australia and New Zealand, will open stores in QIC’s Robina Town Centre on the Gold Coast and…
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