Australia Retail

The Federal Court fined Harvey Norman (ASX:HVN) and Latitude Group Holdings (ASX:LFS) $55 million over undisclosed mandatory fees.

Myer Holdings (ASX:MYR) reported preliminary total sales of $4.09 billion for the 2026 financial year.

Outdoor retail group KMD Brands (ASX:KMD) expects full-year group sales to reach up to NZ$1.44 billion for the 2026 financial year.

Coles Group (ASX:COL) drops $4 billion Greencross acquisition talks with TPG Capital to maintain capital discipline and supply chain focus.

McPherson's (ASX:MCP) forecasts lower full-year revenue of $115 million to $120 million following operating model transition challenges.

City Chic Collective (ASX:CCX) expects to report underlying EBITDA between $12.5 million and $13.5 million for the 2026 financial year.

Frasers Group applies to Australia's Takeovers Panel following the rejection of its $390M takeover bid for Accent Group (ASX:AX1).

Adairs (ASX:ADH) announced an expected statutory net loss after tax of approximately $43 million for the 2026 financial year.

KMD Brands (ASX:KMD) appointed Ian Morrice as a non-executive director effective Aug. 20, adding 30 years' experience.

A joint report by IAB Australia and Pureprofile (ASX:PPL) revealed that 35% of Australian consumers now shop online at least weekly.

Coles Group (ASX:COL) confirmed it is in talks with US private equity firm TPG to acquire Greencross Pet Wellness.

Global commerce company RooLife Group (ASX:RLG) announced four major leadership changes effective from July 1.