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Australian retail news

Woolworths to Acquire Majority Stake in MyDeal

Woolworths Group has proposed to acquire an 80 percent interest in the Australian online marketplace, MyDeal, with a valuation of $243 million. Sean Senvirtne will retain a 20 percent stake, and remain as CEO of the business.

By |May 20, 2022|Categories: News|Tags: , , , , , , , |0 Comments

Retail Sale Volumes Up 1.2 Percent in March Quarter

For the March quarter, retail sales volumes have increased 1.2 percent. This comes off the back of a 7.9 percent increase in the December quarter, and a 4.3 percent decline in the September quarter. 

By |May 11, 2022|Categories: News|Tags: , , , |0 Comments

General Pants Co. Acquired by Alquemie Group

General Pants has been acquired by a retail investment group, Alquemie Group. The purchase will drive growth in the business, for both General Pants and Alquemie Group alike. 

Business Confidence Plunges but Businesses Remain Positive About Future

Business confidence has plunged significantly in March, Roy Morgan has shared in a recent update. All states except one have reported a decrease in confidence, but businesses remain positive about future prospects.

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