JB Hi-Fi has announced its half-yearly net profit rose 37% and online sales grew 40% as it successfully safeguarded its turf in an intensifying online retailing war in the electronics sector.
Hanes Australasia, formerly Pacific Brands, has confirmed its definitive agreement to acquire Bras N Things from private equity firm BB Retail Capital, and other associated parties.
E-commerce giant JD.com, China’s largest retailer by revenue, has announced the opening of a local office in Australia as it accelerates growth in the ANZ region.
Marley Spoon is riding the wave of success when it comes meal kits. Its business model is expected to disrupt supermarket giants Coles and Woolworths as the popularity of home cooked meals and healthy lifestyle choices rise.
Australian retail turnover fell 0.5% in December 2017, seasonally adjusted, with online retail growing 1% compared to the same period last year.
For the first time non-Chinese shoppers will be able to use China’s mobile payment platform WeChat Pay and will now, also for the first time be able to link their credit cards to the service.
Toll Group has launched its new next-generation distribution centre in western Sydney specifically designed to support the growth of online shopping in Australia.
H&M says it needs to “transform and re-think faster” when it comes to digital sales as its physical stores prove sluggish with stronger online sales performance. Technology will be one of the company’s core focuses moving forward.
Bricks and mortar retailer The Outdoor Furniture Specialists has followed in the footsteps of other homegrown brands such as Maggie T and Diana Ferrari – announcing that it will be entering into voluntary administration.
Luxury Escapes has scored a big boost with Qantas Frequent Flyer reward points being earned on Luxury Escapes purchases from today.