Latest Retail News

OMG Group has reported a robust 53% increase in net sales for the first two months of FY26, driven by strong growth across retail and ecommerce channels. The company plans a strategic refresh of its Blue Dinosaur product range to maintain momentum.

HomeCo Daily Needs REIT has announced its ordinary quarterly distribution of AUD 0.0215 per unit for the period ending 31 March 2026, alongside details of its Dividend Reinvestment Plan.

Klevo Rewards partners with Bybit to launch KLVAUD, an Australian dollar-backed stablecoin integrated with a Mastercard and a global rewards ecosystem. This move aims to transform everyday spending into digital asset rewards accessible worldwide.

Latitude Group Holdings Limited has launched an offer to raise approximately $100 million through Capital Notes 2, a new series of perpetual, subordinated, unsecured convertible notes. Existing Capital Notes 1 holders are invited to reinvest in the new notes, which feature discretionary quarterly distributions and potential conversion to ordinary shares.

Bapcor has completed its retail entitlement offer, raising A$43.5 million as part of a broader A$200 million equity raising aimed at reducing debt and boosting financial flexibility.

Myer Holdings reports a strong first half with total sales up 24.5% and underlying NPAT rising 21.7%, driven by brand expansion and strategic investments. The group’s growth strategy remains firmly on track amid ongoing market challenges.

Turners Automotive Group has unveiled an ambitious roadmap aiming for $100 million net profit before tax by FY31, driven by organic growth and strategic network expansion across its integrated used car platform.

Genesis Energy has completed its NZ$300 million rights offer shortfall bookbuild at a premium price, raising a total of NZ$400 million including a prior placement. The new shares will begin trading late March, marking a significant capital boost for the energy company.

Premier Investments reported a modest 0.38% rise in net profit from continuing operations for the half-year ending January 2026, alongside a 3% increase in revenue and a fully franked interim dividend of 45 cents per share.

Caspin Resources has successfully completed a $6 million placement and exercised options, bolstering its position in promising Australian mineral projects focused on tin and gold.

OMG Group has appointed Food & Dairy Co as the first official distributor of its new matcha brands, opening access to over 2,000 cafes and restaurants in NSW and Queensland. This move marks a key step in OMG’s strategy to expand its health-focused beverage portfolio.

Turners Automotive Group has raised its net profit guidance for FY26 to $63 million, driven by robust vehicle sales and record finance lending, despite a goodwill write-down in its EC Credit division.