Latest Retail News

PGG Wrightson posted a robust FY26 with $1.1 billion revenue and a 46% jump in net profit, driven by strong livestock prices and strategic acquisitions.

RPM Automotive's CEO Roy Norris resigned following mutual agreement with the board amid strategic leadership discussions. The company is launching a search for a new CEO and aims to bolster its governance with new independent directors.

Kip McGrath Education Centres narrowed its revenue by 4.3% to $30.1 million in FY26 while lifting profit after tax by 2.1%, driven by strategic franchise consolidation and operational efficiencies. The company also faced an unsolicited takeover bid post-reporting period.

CDL Investments New Zealand reported a modest profit decline for the first half of 2026, reflecting ongoing residential market challenges, while securing a $20 million credit facility to support future development.

Dexus Convenience Retail REIT (ASX:DXC) delivered FY26 distributions of 20.9 cents per security, matching guidance amid resilient income growth and portfolio enhancement.

Tabcorp Holdings has agreed to acquire BetMakers Technology Group for approximately $267 million, aiming to accelerate its wagering technology upgrade and expand its global B2B footprint. The deal targets $30 million in cost synergies by Year 2 and expects double-digit EPS accretion by Year 3.

CAR Group Limited reported a 14% increase in net profit after tax to AUD 332.4 million for FY26, driven by strong revenue growth and AI innovation across its global vehicle marketplaces.

Elixinol Wellness (ASX: EXL) has posted a record quarterly revenue of A$4.3 million alongside a 45% gross margin, marking a clear shift from its US CBD origins to a diversified Australian wellness platform. Cost reductions and disciplined cash flow management underpin the company’s readiness to scale.

Metcash Limited posted a steady FY26 performance, with group revenue rising to $19.6 billion and EBITDA up 1.9%, driven by growth in Food and digital channels despite challenges in Hardware.

Charter Hall Retail REIT's FY26 statutory profit soared 78% to $389.4 million, driven by a $305 million portfolio valuation uplift and a strategic pivot to convenience net lease retail assets. Distributions rose 3.3% amid a debt refinancing that lowered margins and extended maturities.

Nick Scali Limited posted a 31% jump in net profit after tax to $75.7 million for FY26, driven by margin gains and UK sales recovery, and announced a fully franked final dividend of 39 cents per share.

Wellnex Life has agreed to sell its Pain Away brand to Mentholatum Australasia for up to A$21.3 million, aiming to wipe out debt and sharpen its strategic focus.