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Consumer Confidence 'Deeply Pessimistic' Across Australia

There's been a general uplift in consumer confidence across Australia over the last week. After a rough few weeks, this is the first sign of confidence increasing, but it's not all good news. 

Power Retail By Power Retail | 22 Jun 2022
eBay Winds Down GittiGidiyor Operations in Türkiye

eBay is saying goodbye to four million customers as it exits the Türkiye market, shutting down the online marketplace, GittiGidiyor.

Power Retail By Power Retail | 21 Jun 2022
Australian Spending and Confidence Heavily Impacted by RBA Interest Increase

The confidence amongst consumers in Australia has dropped 6.6 points as the RBA increases interest rates by 0.5 percent. 

Power Retail By Power Retail | 15 Jun 2022
The RealReal CEO Abruptly Resigns

After 11 years in the role, Julie Wainwright is departing as CEO, Director and Chairperson of The RealReal. This is an unexpected move from the online resale platform, with Wainwright making the announcement on the...

Power Retail By Power Retail | 09 Jun 2022
Adore Beauty Appoints Mostly Female Non-Executive Directors

Adore Beauty has appointed Lisa Hennessy as an Independent Non-Executive Director. This appointment now completes the business' Board renewal process.

Power Retail By Power Retail | 03 Jun 2022
Mighty Ape Appoints New CEO and CFO in Executive Shake-Up

Mighty Ape is undergoing a shift in its executive team, with a new CEO and CFO appointed.

Power Retail By Power Retail | 02 Jun 2022
Aussie Confidence Remains Neutral Following Election

The federal election has done little to inspire confidence amongst consumers, as figures remain virtually unchanged. 

Power Retail By Power Retail | 01 Jun 2022
Pureplay Fashion Giant, Missguided, Enters Administration

Pureplay fashion retailer, Missguided, is entering administration after it failed to compete against the leading online fast-fashion competition and stay secure in rough trading conditions. 

Power Retail By Power Retail | 31 May 2022
Lead-Up to Federal Election Drives Consumer Confidence Increase

Did the lead up to the federal election increase consumer sentiment? According to Roy Morgan, it appears that way. 

Power Retail By Power Retail | 25 May 2022
Woolworths to Acquire Majority Stake in MyDeal

Woolworths Group has proposed to acquire an 80 percent interest in the Australian online marketplace, MyDeal, with a valuation of $243 million. Sean Senvirtne will retain a 20 percent stake, and remain as CEO of...

Power Retail By Power Retail | 20 May 2022
BikeExchange CEO Resigns, Effective Immediately

There's been a huge executive shake-up for BikeExchange, with the CEO officially resigning from the role, the company has announced.

Power Retail By Power Retail | 19 May 2022
This Week Saw Major Drop in Buying Intentions, Consumer Confidence

Australians are feeling less confident than ever, according to a new report from Roy Morgan. There has been a significant drop in consumer confidence, now hitting the same low levels last seen in August 2020. 

Power Retail By Power Retail | 18 May 2022