Woolworths has reported a $1.53 billion full-year profit, with a 3.6% increase in critical comparable food sales, signifying that heavy discounting on groceries is luring customers back to the supermarket giant.
In the age of environmental conservation, extensive research into alternative power sources has made way for the creation of the first battery-free yet wireless handheld barcode scanner.
Sophie Doyle took a big leap in 2014, leaving her corporate role with L’Oreal, with the idea of starting her own e-commerce venture; within a year she founded her online fashion store, The Fable, and it all started from her bedroom.
Online retailer Boxed is levelling the working field, giving its employees benefits like unlimited parental leave and paying for staff weddings – these benefits apply to its engineers as well as it fulfilment centre works.
Once again, JB Hi-Fi has defied the retail slowdown, posting a 36.5% boost in full year net profit after tax of $207.7 million, with sales growth jumping 42.3% to a record $5.6 billion.
Qantas has signed a new deal with Alibaba Group, which will give it access to the largest online network of consumers in Greater China, also targeting the younger demographic of Chinese consumers.
A 19% rise in revenue for Adidas in its second quarter earnings results was fueled by particularly strong support from e-commerce, where online sales income grew 66%. The company is muscling in nicely on Nike and Under Armour.
Woolworths has confirmed a glitch with its payments provider has caused thousands of its customers to be charged twice for purchases they made back in March this year. Earlier this month, Woolies suddenly cancelled its online customers’ orders without notice.
Research shows that it’s the returning online customer that spends nearly double of what new customers do – discover how to use your email marketing to boost customer loyalty.
Australian retail turnover rose 0.3 per cent in June 2017 in seasonally adjusted terms, according to the latest Australian Bureau of Statistics retail trade figures, following a rise of 0.6% in May 2017.