Mark Ronan News Today

New stores are helping retailers grow topline sales but if conditions deteriorate, they may drag on earnings.

For an insight into where Australians are spending their hard-earned money – and where they aren’t – trawl through the results of the nation’s listed companies.

The local share market has followed up a brutal week by closing at a 10-week low after modest morning losses accelerated in late trading.

Local shares were down at noon following their worst week in almost a year with markets on edge ahead of a meeting of the world's most powerful central bank.

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The Adairs Ltd (ASX:ADH) share price is sinking on Monday following the release of a first half trading update...

The homewares group will acquire the furniture retailer in a play to expand its market share in the furniture and bedding space.

Chief executive Mark Ronan said there are growth opportunities from a national store rollout, online growth and category/range expansion.

The Adairs share price is rocketing 8% this morning. We look at the acquisition announcement from the ASX home furnishings company.

The homewares retailer anticipates that pent-up demand and online delivery delays will get customers shopping in stores in the lead up to the key Christmas period.