Celene Ignacio

A newly developed large-format retail centre in regional Queensland has sold for $6.45 million in an off-market transaction, reflecting a passing yield of 5.89 per cent.

KMD Brands has appointed former Metcash Group and The Warehouse Group CEO, Ian Morrice, as an independent non-executive director, effective August 20, following the board renewal process announced in May.

Adairs Limited expects to report higher sales but a statutory net loss for FY26 after booking a significant non-cash impairment against its Focus on Furniture business.

Australia's Takeovers Panel said it has received an application from Frasers concerning its on-market takeover bid for all Accent shares it and its associates do not already own.

Sports Direct has opened a new store at Westfield Miranda, marking the latest step in the retailer's Australian expansion.

Melbourne Central is expanding its retail offering with a series of new store openings, including an enlarged Adidas flagship that will become the brand's new Halo store for Australia and New Zealand.

Forty per cent of Australians say they have become more reliant on credit cards to cover basic living expenses such as groceries between paydays over the past 12 months, according to new research from Money.com.au.

City Chic Collective expects underlying EBITDA of between $11.5 million and $12.5 million for FY26, an increase of 80 per cent to 95 per cent on the previous year, despite a decline in group sales revenue.

MECCA has named Marc Sachs as its new Head of Hair, Beauty, and Wellness.

Myer announced the departure of its chief supply chain officer, Darren Wedding, citing “personal reasons.”