The operator of the Greater Union cinemas, Amalgamated Holdings (AHD), has foreshadowed that its first-half year profits will fall by 25 to 30 per cent.
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More stores to push Reject Shop growth
Despite downgrading its profit guidance, The Reject Shop is looking forward to opening up to 13 new stores around the country next year.
Thorn shifts focus from Big Brown Box
Owner of Radio Rentals, Thorn Group, has announced it will be strategically moving its investment elsewhere after deciding to exit its online retail venture BigBoxBrown.com.au, as a result of “difficult trading conditions”.
High rates see Myer down
Myer has reported sales for the period ending 30 October is down 1.53 per cent to $706 million compared to the previous corresponding period, in which Myer delivered a record result with sales growth of 5.21 per cent.
Domino’s strong start to the year
The pizza chain saw a 7.83 per cent growth which has been achieved with same store sales growth of 9.35 per cent in Australia and New Zealand and 4.21 per cent in Europe.
JB Hi-Fi’s high hopes for Christmas
The overall strength of the economy, low levels of unemployment and a strong product assortment should underpin a successful Christmas trading period, company CEO Terry Smart said.
IKEA reveals profits
The privately-owned company has disclosed its first yearly summary in its published report, ‘Welcome Inside’.
Broadbeach shopping centre, hotel up for sale
Thakral Holdings Group has put its Oasis Shopping Centre and five-star Sofitel Gold Coast Broadbeach hotel for sale.
Cash Converters breaks record profits
According to the company, it is the fourth consecutive year that Cash Converters has exceeded its forecasted numbers.