Woolworths boss Brad Banducci has stepped down in the wake of a trainwreck television interview during which he attempted to walk out.
It’s the 1-minute and 34-second clip that might actually lead to cheaper groceries (although you might not want to hold your breath).
The owner of the Crust pizza chain and eateries Donut King and Gloria Jean’s says a fall in the number of people at shopping centres amid cost-of-living pressures has forced its sales lower.
Shares in KMD Brands have slumped to its lowest level in four years after the group behind Rip Curl and Kathmandu revealed a double-digit decline in first-half sales.
Online underwear company Step One has posted a near 26 per cent jump in revenue in the first-half, party thanks to heavy advertising campaigns and “growing success” on e-commerce giant Amazon.
THE ECONOMIST: Though its sales are less than half of Walmart’s, its return on capital, at nearly 20 per cent, is more than twice as high. What’s its secret?
Prime Minister Anthony Albanese believes mounting pressure on Coles and Woolworths over high prices — compounded by footage of the Woolies boss walking out on an interview — will force the duopoly to move.
Dan Jervis-Bardy, Katina Curtis and Dylan Caporn
The supermarket giants have been issued a major warning from a senior politician in the wake of an investigation into the sector’s pricing tactics.
The boss of Australia’s biggest supermarket chain has stormed out of a TV interview after being grilled over the eye-watering price of groceries.
An Adelaide couple has opened up about why they decided to save a beloved Aussie brand from going under.
A popular Australian food chain has popped up in a busy spot in New York City, leaving many ex-pats confused and excited.
An appalled shopper has taken to social media to share a disturbing photo of one of the nation’s favourite treats.
The major discount department store’s revenue, earnings and sales are all up year-on-year and its bosses are eyeing even more growth. What’s pushing its performance higher?
WA’s biggest car dealer says it is looking into the claim that personal data stolen in December has been aired on the dark web.
Prices of chicken fillets, nuggets and burgers could increase again after one of the country’s major poultry producers warned further hikes were likely despite overall inflation slowing.
Chief executive Rob Scott has also suggested the changes could deter staff from helping employers.
Penfolds maker Treasury Wine Estates has suffered a hefty fall in profits and trimmed its first-half dividend payout amid declining sales in the US, dragged down by the 19 Crimes brand.
The conglomerate says it always planned for its Covalent project with Chilean group SQM to hit some price headwinds but its long-term view of the battery metal is unaffected.
The RBA governor says it is likely some companies are using high inflation rates as a cover to hike their prices, but has stopped short of saying major companies are engaging in price gouging.
Telecommunications giant Telstra says while its mobile business performed strongly in the first half, a review of its domestic enterprise division is underway.
The Olympic gold medallist and social media star has revealed a surprise new side hustle in the lead up to the 2024 Olympics.
Ikea will open its second Perth outlet today but Australian boss Mirja Viinanen is already eyeing further expansion in WA, saying the State offered growth opportunities for the furniture retailer.
Despite cost-of-living pressures, furniture e-retailer Temple & Webster says it had $254 million in first-half sales, up 23 per cent from a year ago.
Shoppers who assault retail workers will face tougher penalties, including up to seven years in jail, as part of new laws set to be introduced to State Parliament this week.
© West Australian Newspapers Limited 2024