Woolworths continues to focus on its strategic priorities, which were initially outlined in 2011, as it continues to see good momentum in its results.
Harvey Norman has released its annual report for the 2013 financial year, showing declines in earnings and profits, largely driven by weaker results in the first half of the reporting period.
Despite several hurdles like a soft economic environment and price deflation in a number of categories, Wesfarmers remained at the top of its game.
Recently, some retailers have downsized their store footprint but The Reject Shop has been doing the exact opposite and it is starting to pay off.
Woolworths Limited has reported group sales of $59.2 billion for the past financial year, saying that, despite consumer uncertainty, the retailer is undergoing "transformation" and seeing solid growth.
Thorn Group, parent company of Radio Rentals and Rentlo, has used its annual report to comment on "poor" retail conditions and the tough times consumers are facing. Despite this, the company has found success with a new format.
Woolworths revealed that its Masters home improvement business is hemorrhaging money, losing almost $160 million before interest and tax.
Online fashion retailer The Iconic has received an additional $28 million in new funding led by family-owned Belgian company Verlinvest.
The Reserve Bank's decision to hold interest rates have left many retailers frustrated as they continue to face excessive rises in business costs.
Billabong has said refinancing and asset sale discussions with potential suitors Altamont Capital Partners and Sycamore Partners are "well in advance".