Retail


 ASX Poised for Lower Open Amid Retail Sales Anticipation

ASX Poised for Lower Open Amid Retail Sales Anticipation

January 09, 2025 11:52 AM AEDT| By Team Kalkine Media

Highlights,ASX 200 futures,indicate,a 0.4% dip as retail sales figures draw market focus.,Mixed global market performance driven by US jobs data, Fed minutes, and geopolitical developments.,Commodity prices fluctuate as currency weakness and US fuel...

 Star Entertainment Group Faces Mounting Financial Pressure as Cash Reserves Decline

Star Entertainment Group Faces Mounting Financial Pressure as Cash Reserves Decline

January 09, 2025 11:50 AM AEDT| By Team Kalkine Media

Highlights,Star Entertainment Group Ltd (,ASX:SGR,) reported a 46% decline in cash reserves during Q4 2024, leaving $79 million as of December 31.,Shares fell 26% to a record low of A$0.145 amid ongoing regulatory fines, legal fees, and operational s...

 Wall Street’s Tech Surge Fuels Optimism for ASX Performance

Wall Street’s Tech Surge Fuels Optimism for ASX Performance

January 07, 2025 11:24 AM AEDT| By Team Kalkine Media

Highlight:,Strong gains in US technology and semiconductor stocks have positively influenced Australian markets, with ASX futures rising slightly by 0.1%.,Global commodity prices experienced mixed trends, with gains in base metals offset by declines...

 Wall Street's Volatile Start to 2025 and the Australian Dollar's Struggles

Wall Street's Volatile Start to 2025 and the Australian Dollar's Struggles

January 03, 2025 12:00 AM AEDT| By Team Kalkine Media

Highlights:,Wall Street's Rocky Start:,US equity markets faced a volatile first trading day of 2025, with significant losses after an initial rally. Major indices like the Dow, S&P 500, and Nasdaq ended the day in the red, reflecting a retreat from e...

 Woolworths Group Limited (ASX:WOW) Reverses Australia Day Merchandise Decision

Woolworths Group Limited (ASX:WOW) Reverses Australia Day Merchandise Decision

January 02, 2025 12:00 AM AEDT| By Team Kalkine Media

Highlights:,Strategic Shift,: Woolworths Group Limited (ASX:WOW) has reversed its 2023 decision to scale back Australia Day merchandise, now focusing on promoting Australian-made products for the holiday.,Community-Centric Approach,: The retailer cit...

 Aussie Dollar Dips to Two-Year Low Amid Market Volatility

Aussie Dollar Dips to Two-Year Low Amid Market Volatility

January 02, 2025 12:00 AM AEDT| By Team Kalkine Media

Highlights:,ASX Futures Signal Lower Opening:,A 0.75% decline anticipated as global economic uncertainties persist.,Weak Chinese Economy Weighs on Aussie Dollar:,Australian dollar drops to a two-year low at 62 US cents.,Mixed Market Movements:,US equ...

 Australian Dollar Hits Multi-Year Low Amid Yuan Weakness and US Dollar Strength

Australian Dollar Hits Multi-Year Low Amid Yuan Weakness and US Dollar Strength

January 02, 2025 12:00 AM AEDT| By Team Kalkine Media

Highlights:,The Australian dollar has dropped to its lowest level since October 2022, trading at 61.88 US cents, due to a sharp decline in the Chinese yuan and the continued strength of the US dollar.,Analysts link the weakening of the Australian dol...

 Market Turbulence Marks End of 2024

Market Turbulence Marks End of 2024

December 31, 2024 12:00 AM AEDT| By Team Kalkine Media

Highlights,Wall Street Weakness,: Major US indices, including the Dow, S&P 500, and Nasdaq, recorded declines, led by Big Tech sell-offs. The Dow fell 418 points, while the Nasdaq slid 1.2%. Boeing shares also dropped following a safety probe linked...

 High Fuel Price Cycles Prolonged, NRMA Survey Reveals Discrepancies Across Australian Cities

High Fuel Price Cycles Prolonged, NRMA Survey Reveals Discrepancies Across Australian Cities

December 31, 2024 12:00 AM AEDT| By Team Kalkine Media

Highlights:,Significant Price Differences,: Perth emerges as the cheapest city for fuel at 181.4 cents per litre, while Canberra and Brisbane face the highest fuel prices, with averages of 196.3 and 195 cents per litre, respectively.,Extended Petrol...

 Liquor Industry Struggles as Changing Consumer Habits and Economic Pressures Weigh on Sales

Liquor Industry Struggles as Changing Consumer Habits and Economic Pressures Weigh on Sales

December 31, 2024 12:00 AM AEDT| By Team Kalkine Media

Highlight Summary:,Changing Consumer Preferences,: Younger generations are shifting away from alcohol, prioritizing health-conscious, low-alcohol options, and non-alcoholic experiences. The proportion of 18-24-year-olds abstaining from alcohol has ri...

 ASX Set for a Higher Open After Quiet Wall Street Session

ASX Set for a Higher Open After Quiet Wall Street Session

December 27, 2024 12:00 AM AEDT| By Team Kalkine Media

Highlights:,ASX Futures Up 0.2%,The Australian market is poised for a positive start, with ASX futures rising by 19 points (0.2%) to 8,217 following a quiet US trading session. Wall Street saw minimal movement, with the Dow Jones up slightly, while t...

 Australian Retail Stocks See Gains Despite Mixed Sentiment

Australian Retail Stocks See Gains Despite Mixed Sentiment

December 16, 2024 01:01 PM AEDT| By Team Kalkine Media

Highlights,JB Hi-Fi and Wesfarmers Lead Gains,: Retailing heavyweights continue to perform well, despite Morningstar labeling them as overvalued.,Liquor Market Worries,: Concerns over softer liquor sales suggest potential structural shifts in consume...

 Jefferies Recommends

Jefferies Recommends "Hold" on Metcash Amid Challenges in Margins and Market Conditions

December 11, 2024 12:53 PM AEDT| By Team Kalkine Media

Highlights,Jefferies Retains "Hold" Rating:,Despite healthy margins, moderating food inflation and cost pressures pose challenges for Metcash.,Hardware Weakness Observed:,Lower building activity impacts the hardware division due to operating delevera...

 JB Hi-Fi Shares Surge 90% in 12 Months, But CEO Sells $500K in Stock: What Does It Mean?

JB Hi-Fi Shares Surge 90% in 12 Months, But CEO Sells $500K in Stock: What Does It Mean?

November 13, 2024 01:12 PM AEDT| By Team Kalkine Media

Highlights,Impressive Performance,: JB Hi-Fi has outperformed the ASX 200 index by 72% in the past year, with shares up 90%.,CEO Sells Shares,: CEO Terry Smart sold 6,500 shares for over AU$500,000 on November 11, reducing his indirect holdings.,Stro...

 Scentre Group Reports Strong Growth in Customer Visits and Sales, Expands Development Pipeline

Scentre Group Reports Strong Growth in Customer Visits and Sales, Expands Development Pipeline

November 07, 2024 02:22 PM AEDT| By Team Kalkine Media

Highlights,Scentre Group sees a 2.1% increase in customer visits, reaching 429 million as of 3 November 2024.,Business partner sales grow by 2.3% year-on-year to AU$20.2 billion.,Total annual sales reach a record AU$28.8 billion by September 30, 2024...

 Super Retail Group Shares Dip Following Trading Update

Super Retail Group Shares Dip Following Trading Update

October 24, 2024 05:09 PM AEDT| By Team Kalkine Media

Highlights,Super Retail Group reported a 4% rise in sales for the first 16 weeks of FY 2025, with like-for-like sales growth of 2%.,Investors appear cautious due to management's warning about the uncertain outlook for consumer spending amid cost of l...

 Harvey Norman Shares Dip After Federal Court Rules in Favor of Corporate Regulator

Harvey Norman Shares Dip After Federal Court Rules in Favor of Corporate Regulator

October 18, 2024 11:58 AM AEDT| By Team Kalkine Media

Highlights,Harvey Norman shares fell 1.3% to AU$4.855 following a Federal Court ruling in favor of Australia’s corporate regulator, ASIC, related to product care rights sold by the company’s franchisees.,The lawsuit, filed in September, involves alle...

 ASX Cancels Trades After Namoi Cotton Takeover Confusion

ASX Cancels Trades After Namoi Cotton Takeover Confusion

October 03, 2024 11:40 AM AEST| By Team Kalkine Media

Highlights:,ASX Cancels,Namoi,Cotton Trades,:,The Australian Securities Exchange,canceled,approximately one million trades in,Namoi,Cotton Ltd (,ASX:NAM,) after,failing to release,an updated $150 million takeover offer from Louis Dreyfus.,Takeover Ba...

 Fletcher Building Secures $534 Million Through Institutional Placement and Retail Offer

Fletcher Building Secures $534 Million Through Institutional Placement and Retail Offer

September 30, 2024 11:00 AM AEST| By Team Kalkine Media

Highlights:,Capital Raising Achievement:,Fletcher Building Limited (,ASX:FBU,) has raised $NZ587 million (approximately $534 million) through an institutional placement and a retail offer, with the retail offer closing on October 8.,Strengthening Fin...

 Coles and Woolworths Face Mounting Pressure Amid Allegations of Price Manipulation

Coles and Woolworths Face Mounting Pressure Amid Allegations of Price Manipulation

September 27, 2024 12:25 PM AEST| By Team Kalkine Media

Australia's supermarket giants, Woolworths Group Ltd (ASX:WOW) and Coles Group Ltd (ASX:COL), find themselves at the center of a public and political storm. Amid rising frustration over the cost of living, both companies face growing scrutiny followi...

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