Latest Retail News

Myer Group posted modest sales growth in FY25, buoyed by the Apparel Brands acquisition, but faced profitability challenges from operational disruptions and macroeconomic pressures. The Group is advancing its omni-channel strategy and cost management initiatives while addressing National Distribution Centre issues.

Myer Holdings reported a 13.8% revenue increase in FY25, boosted by its acquisition of Apparel Brands, yet faced a statutory net loss of $211.2 million due to goodwill impairment. The integration of Apparel Brands is underway, with strategic growth initiatives in motion.

Adairs Limited has updated its final dividend details, confirming a fully franked 4 cent per share payout and setting the Dividend Reinvestment Plan price at $2.64 per share.

Woolworths Group Limited has updated its dividend details, confirming a fully franked 45 cent per share payout for the first half of FY25 and setting the Dividend Reinvestment Plan price at $27.78.

Coles Group Limited has updated its dividend distribution details, confirming a fully franked ordinary dividend of 32 cents per share for FY2025 and revising the Dividend Reinvestment Plan price to AUD 23.83220.

Super Retail Group has abruptly terminated CEO Anthony Heraghty following unsatisfactory disclosures about his relationship with a former executive. CFO David Burns steps in as interim CEO during the leadership transition.

Oliver’s Real Food reports improved gross margins and reduced expenses despite a 6% sales decline, driven by strategic store closures and operational efficiencies.

Coles Group Limited has updated its dividend details, confirming a fully franked ordinary dividend of AUD 0.32 per share for FY25, payable in multiple currencies. Shareholders can also participate in a Dividend Reinvestment Plan with no discount applied.

Metcash Limited reported solid FY25 results with revenue up 7.2% to $19.5 billion and EBITDA rising 8.6%, driven by growth in Food and resilience in Liquor despite Hardware challenges. Strategic mergers and ESG progress position the company for accelerated growth in FY26.

Briscoes Group has reported a resilient half-year performance for the period ending July 2025, maintaining near-record sales and solid profits despite ongoing economic challenges. Strategic investments in technology and infrastructure continue to position the company for future growth.

Briscoe Group Limited reported a near-flat half-year sales performance with a modest decline in net profit, while advancing key strategic investments including a new distribution centre. The company declared a 10-cent interim dividend amid cautious economic outlook.

Woolworths Group has confirmed its full-year earnings for 2025 met market expectations, responding comprehensively to ASX inquiries about potential material variances. The retailer’s underlying results closely matched analyst consensus, despite statutory impairments and restructuring costs.