Having already shut 15 of its 44 stores after plummeting into administration, the Australian fashion retailer has revealed drastic plans to help claw back cash.

New Zealand jewellery chain Michael Hill International has today announced an after tax profit of $26.3 million.

The Australian finalists for the L'Oreal Melbourne Fashion Festival (LMFF) Designer Award have been revealed.

Local lifestyle design and brand house Shine Group has inked deals with two of the world's largest retailers and revealed plans to significantly expand its fashion offering, following strong preliminary sales results for the 2012 fiscal year.

A 'large' percentage of well-known fashion retailers have already signed up to Westfield and Groupon's new shopping initiative which is set to launch this month.

The Westfield Group's latest operational performance report has revealed a global net profit of $1.53 billion.

Womenswear brand Noni B has reported a 58 per cent rise in its first half net profit, with second half earnings also expected to improve significantly.

David Jones will welcome a new chief financial officer and will introduce nearly 50 fresh fashion brands this year.

UK trend forecasting firm The Future Laboratory is bringing its brand and market knowledge to Australia to give local retailers insight into the latest trends in social, consumer and brand behaviour.

David Jones has signed a multi-million dollar deal with IBM that will see the tecnology giant create a new multi-channel retail systems platform for the department store.

A New Zealand lingerie company will introduce yet another new label to its offering to coincide with a brand revamp later this year.

A global smear campaign implicating iconic streetwear brand Diesel caused commotion last week, but the local distributor of the brand in Australia has dismissed its impact on home ground.

Australian denim and apparel label the Eleventh Commandment has announced plans to scrap the brand.

Australian brand Francis Leon has revealed its pre-winter 2012 collection. The range is called Seven and is available at stockists across Australia and New Zealand.

Retail property firm Stockland has reported a rise in net income and sales growth across its Australian retail centres for the half year 2012.

Sambag launches its first digital campaign.