Latest Retail Sector News

Vinyl Group Ltd has voluntarily suspended trading on the ASX pending a Federal Court decision on its application for relief after failing to lodge required cleansing notices on time.

Turners Automotive Group has updated its dividend details for the quarter ending March 2025, declaring a fully franked ordinary dividend alongside a supplementary unfranked payout and a Dividend Reinvestment Plan with a 2% discount.

Myer Holdings reports a 1.9% increase in total sales for the second half of fiscal 2025 despite inflationary pressures and operational hurdles at its new distribution centre. The retailer outlines interim logistics solutions and previews its upcoming Growth Strategy.

The Reject Shop Limited has entered a recommended scheme of arrangement with Dollarama Inc., offering shareholders $6.68 cash per share, a substantial premium over recent trading prices. The Independent Expert deems the deal fair and reasonable, with a shareholder meeting set for June 23.

Cash Converters International Limited reveals a strategic shift towards sustainable, lower-cost lending and expands its global footprint through targeted franchise acquisitions in Australia and the UK.

Super Retail Group reports steady sales growth driven by BCF and rebel brands, while facing increased costs from a new distribution centre and HR system upgrades.

Temple & Webster reports a strong trading update with revenue growth accelerating to 23% since March and a positive EBITDA margin outlook for FY25, despite ongoing economic headwinds.

JB Hi-Fi Limited reports robust sales growth across Australia and New Zealand in Q3 FY25, maintaining momentum in a competitive retail environment.

NEXION Group Ltd reported a 5.45% revenue increase to $1.16 million for Q1 2025, driven by new satellite communication projects in Western Australia's iron ore sector and a strategic reduction in operating costs.

Oliver’s Real Food reported an 18% revenue decline in the March 2025 quarter, impacted by store closures and trading calendar shifts, yet achieved a strong rebound in EBITDA margin to 11.5%.

Endeavour Group has appointed Jayne Hrdlicka as its new Managing Director and CEO, set to begin in January 2026, signaling a strategic push for growth and transformation under seasoned leadership.

HMC Capital has reported a record half-year financial performance for 1H FY25, driven by explosive growth in private equity and digital infrastructure platforms, alongside ambitious fundraising initiatives in energy transition.