Retailers including Coles and Woolworths hope new stores will beat the spending blues
New stores are helping retailers grow topline sales but if conditions deteriorate, they may drag on earnings.
Source: afr.com
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Retailers face triple-whammy challenge as sales fall, costs rise
The post-COVID normalisation in demand has coincided with a cost-of-living crunch and soaring costs, which will squeeze sales and earnings in 2024.
Source: afr.com
Consumer confidence: Spending at homeware and fashion retailers brighter than expected as reporting season begins
While consumers are trading down to more budget options in some retail areas, others are holding up well.
Source: theage.com.au
Top 100 ASX companies:20 per cent have elevated their CFO to become CEO
With Vicki Brady leading Telstra, Leah Weckert at Coles and Vanessa Hudson at Qantas, one in five top 100 companies have elevated their CFO to become CEO.
Source: afr.com
Retail appointments of the week
Aje's new chief of product; Baby Bunting nabs ex-Accent Group; Nike remixes leadership team; and more.
Source: insideretail.asia