Business

Business · 20 hrs ago

David Jones slips into administration, store closures loom before Christmas

Vera Chen, Sydney desk

Australia’s flagship upmarket department store has entered voluntary administration, triggering a planned restructure and a wave of store closures before the holiday season. Thousands of jobs are at risk as the company…

Business · 1 day ago

David Jones’s Final Countdown: Black Friday May Be the Department Store’s Grand Exit

Vera Chen, Sydney desk

David Jones’s last rescue bid collapsed, leaving market participants scrambling as the biggest Black Friday sale could become the department store’s own clearance event.

Business · 2 days ago

David Jones to Close Up to Half Its Stores, Union Warns of Job Losses

Vera Chen, Sydney desk

The union representing thousands of David Jones staff is preparing for the worst after the department store chain announced plans to close up to half of its locations, highlighting the precarious state of the Australia…

Business · 3 days ago

KMD Brands, owner of Rip Curl and Kathmandu, in exclusive talks with US retail giant

Vera Chen, Sydney desk

KMD Brands, the parent of Rip Curl and Kathmandu, confirmed on Monday it is in exclusive discussions with an unnamed US consumer brand group about a possible takeover, sparking speculation among investors and surf‑an…

Business · 4 days ago

Garth Hamilton Calls Time to Toss Super‑For‑Housing Into the Ashes

Vera Chen, Sydney desk

Liberal MP Garth Hamilton has publicly warned that a proposed superannuation‑to‑housing conversion is out of step with public sentiment, urging the party to pivot its policy. The move could spark a fresh debate among…

Business · 4 days ago

Julius Dam: Half‑Century Old Waterworks Still Quenching the Outback

Vera Chen, Sydney desk

Opened in 1976 as Mount Isa’s answer to water shortages, Julius Dam continues to supply water to North West Queensland communities and industry half a century later.

Business · 4 days ago

Teenage Protesters Turn France’s Streets into a Market Forecast Nightmare

Vera Chen, Sydney desk

Hundreds of thousands of high‑school students have taken to the streets across France for the third weekend, demanding lower living costs and better education, prompting market analysts to scramble to adjust their fore…

Business · 5 days ago

Alice Springs House Sales: Melbourne and Sydney Buyers Snap Up Outback Homes in 24 Hours, Rental Yields Soar

Vera Chen, Sydney desk

Investors from Melbourne and Sydney are buying Alice Springs homes within a day of listing, chasing the town’s unusually high rental yields and turning the remote outback into a hot property market.

Business · 5 days ago

Etsy Tightens AI Rules, Sellers Still Uncertain About Their Digital Art's Future

Vera Chen, Sydney desk

Etsy has rolled out new AI‑copying policies amid a chorus of user complaints, but many sellers remain unconvinced that the changes will protect their creative livelihoods.