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Australia Post is recruiting 3,900 casual workers after parcel volumes grew 7.8 per cent over four weeks, while retailers face margin pressure from discount-hunting shoppers.
Administrator Teneo is selling the 91-store network, with Queensland-based Chempro Chemists acquiring most of the chain.
Coles reported a 6.1 per cent jump in private-label sales while furniture and electronics retailers Harvey Norman and Nick Scali posted sharp sales declines.
Operating profit across Australian retail grew at nearly half the pace of sales revenue, exposing deep margin leaks in inventory holding and returns.
Supermarket Coles will spend $2.5 billion over the next two years on improving its digital offer, the business announced today. The business will seek to improve its online shopping, as well as its self-service checkouts, data and automation across its…
In a move to differentiate itself from sister brand Kmart, department store Target will see an accelerated transformation to offer higher quality apparel, soft homewares and toys. This shift will reposition the department store to compete against more…
Research firm IBISWorld on Tuesday revealed Australia’s top 1000 companies in 2018, with Wesfarmers and Woolworths placing within the top five. The list provides an overview of Australia’s corporate landscape, and highlights the largest firms, growing and…
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