Harvey Norman chair Gerry Harvey reckons consumers have cast aside cost-of-living pressures to stock up on AI-led computers and mobile devices, helping it deliver a 15 per cent increase in half-year profit.
Coles chief Leah Weckert says while this month’s interest rate rise has knocked consumer confidence, the supermarket giant is yet to see the impacts on shopping behaviour.
Discount pharmacy juggernaut Chemist Warehouse has attributed its double-digit sales lift to the growing popularity of weight-loss drugs like Ozempic and Mounjaro.
The company behind some of Australia’s best-known brands says consumers were “rattled” about interest rate hikes as early as December, which led to a more cautious shopping behaviour during Christmas.
Apollo, Blackstone and KKR have had to raise the lion’s share of this from select financial institutions and the uber-rich. Now they have the mass market in their sights.
The national airline has made major changes for customers after strong demand for domestic flights saw profits edge 5.1 per cent higher, lifting its dividend for shareholders.