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".
Fashion retailer Noni B is another to add to the list of victims suffering through the difficult retail times.
Metcash's future success will rely on increasing marketing funds, reviewing ongoing strategies to improve productivity and thriving on the success of recent acquisitions and joint ventures.
While retailers have been urging the Reserve Bank to drop the cash rate further to help ease increasing pressures, the Board has decided to leave it unchanged.
Unlike its rival who reported successful third quarter trading, David Jones has not been able to do the same this week.
Myer has managed to report positive results for the third quarter for the 13 weeks to 27 April 2013.
Radio Rentals, a brand of Thorn Group, achieved record installations and earnings, driving an increase in the company's revenue results.
Wesfarmers has provided a dismal downgrade to Target's earning for the 2013 financial year.
Cloud-based point of sale software company Vend has raised $6.6 million in new capital, with a third of the funds received from new Australian investors.