Australia

Australian Consumers Spooked As Sales Show Weakest Run In 7 Years

Australia’s heavily indebted households are pulling down the shutters on consumption as retail sales suffered the weakest three-month stretch in seve...

Coca-Cola Supports Marriage Equality In Australia With Can Design

Coca-Cola is showing its support for marriage equality ahead of Australia's postal survey on the issue, with a new, limited-edition design for its 375ml ca...

Treasury Wine Estates Net Profit Up 55% In 2017

Australia's Treasury Wine Estates (TWE) saw profits for its 2017 financial year increase by 55% to reach AUS $269.1 million after tax. In Australia...

Woolworths Wrestles Back Australian Retail Crown: Gadfly

Australia's two dominant supermarkets seem to have been fighting the same grudge match since the days of Cain and Abel. With about two-thirds of the countr...

Battered Aussie Retailers Lure Contrarians As Amazon Looms

As earnings season starts in Australia, some investors and analysts sense opportunity in a handful of beaten-down retailers. They’re not for the f...

Fonterra Increases Milk Prices For Australian Farmers

New Zealand dairy cooperative Fonterra has increased its farmgate milk price in Australia by $0.20 per kilogram of milk solids from 1 July, bringing the av...

Amazon Takes On Remote Outpost in the Land of Bricks and Mortar

Amazon.com Inc., which has lost billions overseas trying to replicate its US success, is now attempting to crack one of the biggest and most sparsely popul...

Australian Retailers Oppose Increasing Saturday Casual Rates

The Australian Retailers Association (ARA) is opposing a proposal by the SDA, the union representing retail workers in the country, to increase Saturday ca...