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Financial

Financial Archives

Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators

E-commerce giant has been "abusing market dominance" since 2015 by preventing its merchants from using other online e-co...

Analysis: Why Premier Investments is bullish about the future

The group posted a 7.2 per cent increase in sales and an 88.9 per cent boost to net earnings for the six months to Decem...

From finance to fine jewellery: Q&A with Fairfax & Roberts MD

Fairfax & Roberts managing director Irene Deutsch on the lessons learned from the past year and the decision to launch a...

Sportsfuel buys online vitamin subscription service

The company says the acquisition will help Sportsfuel strengthen its presence in the health & fitness industry in New Ze...

Shoppers spent US$900bn more online last year – and the trend will stick

Mastercard predicts between 20 and 30 per cent of the shift to online will be permanent.

Lululemon to launch two-storey Sydney store in July

The store will be Lululemon’s largest and first multi-level store in the country.

South Korea’s LG becomes first major smartphone brand to withdraw from market

Its decision to pull out will leave its 10 per cent share in North America, where it is the No. 3 brand.

Retailer group warns of rising inflation pressure

Greg Harford says two in three retailers expect the minimum wage increases will have an impact on their businesses.

From startup to $600 million: Behind the Culture Kings acquisition

Here's why a US-based digital platform just acquired a stake in the Aussie streetwear business.

Nike sues company that made ‘Satan Shoes’ with Lil Nas X

The shoes are customized Nike Air Max 97 sneakers that contain red ink and "one drop of human blood" in the sole, accord...

Commerce Commission urges retailers to get surcharges right this Easter

The watchdog warns businesses risk breaching the Fair Trading Act if they aren't careful with their surcharges this East...

Burberry – the first luxury brand to suffer Chinese backlash over Xinjiang

China on Friday sanctioned organisations and individuals in the United Kingdom over what it called "lies and disinformat...

Glassons buoys Hallenstein Brothers through half year

In New Zealand, sales at Glassons grew 14.5 per cent to $61.8 million, while sales in Australia jumped 26.9 per cent to ...

Warehouse Group grows through lockdown, enjoys record first-half profit

The Warehouse, Noel Leeming, Warehouse Stationery and Torpedo7 all saw strong growth during the first half.

Premier Investments profit up 88.9 per cent in first half

Chairman Solomon Lew put it down to the “skills and dedication of [Premier’s] entire global team”.