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.
Stockland plans to refine its strategy in hope it will create a pathway that will lead to stronger future returns.
The Westfield Group has announced its global operations for the first quarter of 2013 are in line with expectations.