The group’s parent company Woolworths Holdings Limited (South Africa) cited a promotional and price-sensitive environment.

The South African-based retail group held onto the asset as part of its sell-off of the David Jones business in late 2023.

It follows the launch of its very first Australian pop-up in Melbourne last year.

Retail joined the mining industry as the only two industries to record yearly business turnover drops.

Paire founders Nathan Yun and Rex Zhang called the opening a key milestone for the brand.

South African-based Foschini Group - also known as TFG Limited - owns the Retail Apparel Group (RAG) in Australia.

Faraguna's appointment comes nearly two years after Brett Blundy and Ray Itaoui took over Best & Less.

Hoka co-founder Nico Mermoud chats with Ragtrader on its latest Bondi 9 shoe.

“The flat sales for the half reflected strong business performance in the first three months," CEO and MD Daniel Bracken said.

The etail business revealed how it achieved double-digit growth in gross sales.

Both Rip Curl and Oboz Footwear continue to report double-digit slips in their wholesale channels.

General manager of Home, Ty Symonds, reveals how he is driving the category and what's ahead.

It's still 1.9 points above the same time in December 2024.

This affects 136 stores and around 650 employees.

Myer executive chair Olivia Wirth said the combination brings together two businesses that are highly complementary. 

Financial analysts at Jarden claim the implications are five-fold.