The recent surge in retail sales makes the outlook brighter for employment, but don’t be surprised if it's just a temporary spike. Spending growth could slow as households become more cautious.
Hundreds of low-paid garment workers are dead after a factory collapse in Bangladesh. It's about time wealthy consumers in Western countries faced up to why their clothes are so cheap, argues Michele O'Neil, national secretary of the Textile, Clothing and Footwear Union of Australia.
The department store is embracing new business models, trialling new things and using the internet to its advantage. It seems to be working -- profits and sales are up. Go figure.
The latest Wesfarmers profit disproves a couple of things that many in business and the media are eager to sell: that times are tough and profits are hard to come by in retailing.
It’s almost impossible to open the financial pages of a newspaper and not read about someone blaming someone else for their own mistakes.
The real story of what is happening in retail is one of economic reform, but the media are determined to ignore it, write Bernard Keane and Glenn Dyer.
Private equity has performed poorly in old retail. There's no reason why it will do any better as the sector faces major change.
It shouldn’t have taken yesterday’s profit warning from Billabong to alert the market that the retail sector is in trouble.