Australian retailers are under increasing pressure from multinational rivals, with dozens collapsing and predictions of more to follow.
The supermarket giant says food sales growth improved in the second quarter, edging ahead of rival Coles, during a "challenging" half for the company.
The popular collectables campaign boosted sales over the half but the effect seemed to wane in the second quarter as Coles delivers its first result since spinning off from Wesfarmers, while wealth management firm IOOF shrugs off a humiliating royal commission run to deliver a surge in profit.
The banking royal commission's proposed crackdown on dealers signing customers up for car loans could also hit the 'interest-free' deals retailers use to get shoppers over the line for big purchases, from whitegoods to electronics.
Consumer confidence rebounds in February as households factor in the chance of another interest rate cut and seemingly shrug off worries about falling home prices.
Shares in the electronics retailer enjoy a bounce after JB Hi-Fi increases its profit and sales in the first half of the financial year, however it is cautious about the outlook.
78 Records, a fixture of Perth's music scene since 1971, announces it will close next month, with owners blaming the rise of streaming services and a general retail downturn in the city for its demise.
Retailers appear to have endured a disastrous Christmas period, with sales tumbling 0.4 per cent in December.
Hundreds of employees across 56 stores face an uncertain future as Napoleon Perdis calls in administrators to restructure or sell the business.