Australia Retail Sector News

Recent industry report about Australia Retail Sector company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Australia Retail Sector industry experts.

Australia Retail Sector News

  • In November 2020, Wesfarmers retail businesses continued to expand their business. Kmart opened new stores in Camberwell and Casey in Victoria and Cockburn in Western Australia, all converted from Target stores, alongside its newest K Hub store in Bairnsdale in regional Victoria.

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  • In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
  • In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

  • July 2022: Dufry AG, the world's largest duty-free operator, agreed to acquire Autogrill SpA, the motorway and airport catering company, from the Benetton Family.
  • September 2021: The wholly-owned subsidiary of Adani Enterprises Limited, AAHL, signed a share subscription agreement with Flemingo and MTRPL. Adani Group's airport arm, Adani Airport Holdings Limited (AAHL), has entered into a strategic partnership with Flemingo Travel Retail Pvt Ltd and Mumbai Travel Retail Pvt Ltd (MTRPL) to operate duty-free outlets in airports and seaports.
  • May 2021: FAQ made its debut at the Hainan Tourism Duty-Free Shopping Complex in Sanya, China, welcoming a throng of shoppers in conjunction with the Labor Day weekend.
  • February 2022: CNSC and a joint venture between JD and its French partner Lagardère Travel Retail entered into a cooperation to leverage all sides' advantageous resources and strengthen CNSC's online and offline duty-free business, cross-border e-commerce, and so on.
  • In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
  • In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

  • In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
  • In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.
  • April 2023: Aurobindo Pharma approved the transfer of two API units (Unit V and XVII) to its wholly-owned subsidiary Apitoria Pharma Private Limited.
  • January 2023: Novartis sold its active pharmaceutical ingredient (API) manufacturing facility in Ringaskiddy, Ireland, to Sterling Pharma Solutions. Under the terms of the agreement, Novartis continues to manufacture several APIs for cardiovascular, immunology, and oncology medicines at Ringaskiddy.
  • October 2022: Saudi Arabian company AZDEF launched an MRI safety awareness campaign that began with the Advanced Safety Training Seminar, which was held in Dubai in partnership with the Dubai Health Authority (DHA).
  • January 2022: Saudi Arabia's Sanad Charitable Association raised awareness of childhood cancer through its campaign launched under the slogan 'Sanad for Our Children.' Awareness of childhood cancer targets the families of those brave children. It informs them about how they can detect the symptoms or onset of the disease, thus positively impacting the market.
  • April 2023: The Government of India has launched 254 '4G mobile towers' in LAC villages in Arunachal Pradesh. Further, these 254 towers will provide 4G coverage in 336 villages, including several areas that have remained unconnected since Independence. Most of these towers are located in the villages bordering China to counter foreign telecom penetration. Furthermore, with the launch of this service, over 70 thousand people are expected to be benefitted.
  • April 2023: Saudi Telecom Company (STC)'s subsidiary, Tawal, has reached an agreement to acquire the tower infrastructure of United Group for Euro 1.22 billion (USD 1.34 billion). The acquisition will include the United Group's infrastructure unit in Bulgaria, Slovenia, and Croatia, providing around 4,800 towers. Furthermore, this strategic acquisition aligns with Tawal's aim of expanding its international presence in key markets with promising growth potential within the STC Group.

Retail Industry in Australia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)