“Heartbreaking”: Melbourne businesses losing hope in the face of second COVID-19 lockdown
Melbourne businesses are in crisis management mode today after a second wave of coronavirus infections forced the government to reimpose lockdowns.
Buy-now-pay-later competitor Payright raises $12 million, as COVID-19 drives “a new normal” in retail
Big-ticket buy-now-pay-later startup Payright has raised $12 million in an oversubscribed capital raise, bringing its total funding to $60 million in 18 months.
Rent relief: Morrison considers extra support for retail tenants as September cliff-edge looms
Rent relief measures will expire in September, but the Morrison government is considering whether to expand the code, amid pressure from retailers.
Collapsed Seafolly to close 15 Sunburn stores, as 50 potential buyers express interest
Seafolly Group will close 15 of its Sunburn branded stores as administrators for the collapsed swimwear retailer seek to slim down the business for sale.
Afterpay shares surged 23% this week as capital flows in to Aussie tech stocks
Afterpay shares have recovered from their March lows to top $68.19 this week, amid a broader recovery in Australian technology stocks.
T.M. Lewin Australia collapses into administration, as UK-based parent restructures
T.M. Lewin Australia has collapsed into voluntary administration following a decision by its UK parent company to close all its stores in an emergency restructure deal.
The panic-buying pandemic: How stress, fear and neuroticism drive grocery stockpiling
Supermarket shelves were stripped of basic necessities during the first wave of panic buying, and it's starting to happen again. So why do people stockpile?
Crumpler to share office space with Tigerlily in coronavirus-inspired sharing deal
Crumpler has inked a deal with Tigerlily that will see both retailers share IT, warehouse and office resources to save costs in the wake of COVID-19.
US stationery business buys up Kikki.K, saving hundreds of jobs
Shareholders have voted to sell Australian stationery brand Kikki.K to US-based Erin Condren Designs, in a deal that will see the majority of employees keep their jobs.
ASIC ‘concludes’ Retail Food Group investigation but no enforcement action taken
Retail Food Group's share price soared on Tuesday after it told investors ASIC had concluded an investigation and would not pursue enforcement action.
Amazon Australia’s new robotic warehouse will stock 11 million items
Amazon will open a 200,000 square metre robotic fulfilment centre in western Sydney, in its latest bid to improve delivery times across Australia.
Seafolly has collapsed into voluntary administration: 44 stores, 120 jobs at risk
Seafolly has become the latest retail business to fall on tough times in the wake of the COVID-19 pandemic and will now go through a sale attempt.
