Latest Retail Industry News

Coles Group reported a 2.5% revenue increase to $23.7 billion for the half year ended January 2026, driven by strong supermarket sales, but earnings were weighed down by a $235 million provision linked to a Fair Work Ombudsman ruling. The company declared a fully franked interim dividend of 41 cents per share.

Charter Hall Long WALE REIT reported a solid first half for FY26, with a 2% rise in operating earnings per security and a $139 million uplift in property valuations, underpinned by a diversified portfolio and strong tenant demand.

Elanor Investors Group has obtained a crucial ASX waiver allowing a longer timeframe to issue securities tied to its $125 million recapitalisation with Rockworth Investment. This move addresses regulatory delays and aims to stabilise Elanor's balance sheet and reduce gearing.

Viva Energy announces the resignation of Jevan Bouzo as CEO of its Convenience and Mobility business, appointing Jennifer Gray as interim leader while searching for a permanent replacement.

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.

Codeifai Limited has integrated GS1 Digital Link functionality into its ConnectQR platform, positioning itself at the forefront of the global transition from traditional barcodes to smart 2D codes.

Coles Group reveals a significant potential financial impact following a Federal Court decision on underpayments to salaried team members, estimating remediation costs between $150 million and $250 million.

Michael Hill International has appointed Jonathan Waecker as its new CEO, bringing a wealth of global retail and digital expertise to steer the company’s transformation starting August 2025.

Mirvac Group reported a solid FY25 operating profit of $474 million, maintaining strong momentum in its living sector and residential pre-sales. The company is poised for growth in FY26, supported by easing interest rates and a robust development pipeline.

Charter Hall Long WALE REIT reported stable FY25 financials with a $5.5 billion portfolio and 99.9% occupancy, maintaining strong income security. The REIT projects modest growth in FY26 with a 6.1% distribution yield.

Charter Hall Long WALE REIT reported a resilient half-year performance with near-full occupancy and solid income growth, reaffirming its FY25 earnings and distribution guidance amid strategic portfolio adjustments.

Myer Holdings Limited is advancing a transformative merger with Premier Investments' Apparel Brands, aiming to create a $4 billion retail powerhouse. Shareholders overwhelmingly support the deal, which promises enhanced scale, diversified earnings, and strategic growth opportunities.