Australia: latest retail news, insights and analysis | ESM Magazine

Battered Aussie Retailers Lure Contrarians As Amazon Looms

As earnings season starts in Australia, some investors and analysts sense opportunity in a handful of beaten-down retailers. They’re not for the f...

Australian Retailers Oppose Increasing Saturday Casual Rates

The Australian Retailers Association (ARA) is opposing a proposal by the SDA, the union representing retail workers in the country, to increase Saturday ca...

Swiss Buying Group EMD Goes Down Under With Woolworths Deal

Switzerland-based buying group European Marketing Distribution AG (EMD) has announced a partnership with Australian retailer Woolworths, taking the group D...

Aussie Economy Grows Faster Than Forecast As Consumers Spend

Australia’s economy expanded faster than forecast in the fourth quarter of 2016, as household savings fell to the lowest level in more than eight yea...

Aldi Hints At Possible Opening Of Physical Stores In China

Discounter Aldi has suggested that it may be preparing to open physical stores in China as soon as next year. Previously, the discounter announced plans...

Woolworths Books $716 Million Cost Amid Job Cuts, Writedowns

Woolworths Ltd. will book a pretax charge of A$959 million ($716 million) to cut jobs, write down assets and close supermarkets as investors brace for the...

Wesfarmers Enlists Former Asda Boss For U.K. Home-Improvement Push

Wesfarmers Ltd. appointed former Asda supermarket boss Archie Norman as an adviser to Homebase to assist with its advance on the U.K. home-improvement mark...

Wesfarmers Flags $1.6 Billion Writedown On Coal, Target

Wesfarmers Ltd. flagged as much as A$2.15 billion ($1.6 billion) in writedowns for its struggling Target department store chain and coal assets in Australi...