Woolworths has settled a legal dispute with workers seeking about $300 million in underpayments.
Woolworths has settled a wage theft claim worth about $300 million and pledged to pay more underpaid workers $50 million.
Wesfarmers has bolstered its chances of taking over Australian Pharmaceutical Industries after buying a 19.3 per cent stake.
Wesfarmers looks like it may have sealed a takeover of Australian Pharmaceutical Industries (API) after an increased offer for all shares.
Retail giant Myer has returned to full-year profit and the turnaround may ease pressure on its embattled board members.
Retail property players are trying to keep pace with the structural shift in shopping habits accelerated by the pandemic.
Perth retailer Daneechi Swimwear continues to carve a niche in a saturated market.
Harvey Norman has repaid more than $6 million in federal government JobKeeper wage subsidies following repeated lobbying.
Mark McGowan says he feels sorry about business failures at Yagan Square, while a process revealed by Business News in April to move market hall retailers to perimeter locations continues.
Retail turnover has taken its largest dive for the year, falling 2.7 per cent in July.
Wayne Osborn has retired from the board of Wesfarmers and will be replaced by former Alcoa of Australia managing director Alan Cransberg.
Wesfarmers is planning a massive capital return to shareholder after a strong year, despite the coronavirus pandemic.