The move marks a strategic shift for the crowdsourcing platform, with AWS focusing on maintaining the service rather than expanding it.
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Macs and iPads Get Pricier as Apple Raises Australian Prices
Australian customers will pay up to 25% for Macs, iPads, HomePods and other Apple devices after the tech giant lifted prices amid rising chip and manufacturing costs.
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Australia’s Glue Store Closes All Stores and Online Operations After 28 Years
Glue Store permanently closes all stores and online channels after 28 years in business. The closure comes after Accent Group previously announced it would close, convert or dispose of any remaining 16 stores in the chain by the end of FY23. This included $8.4 million in losses at Glue Store (including closure provisions) for the first half of the financial year. The retailer, recently acquired by Accent Group in 2021, remains focused on growth for brands such as Sports Direct, Lacoste and HOKA whilst growing its wider retail portfolio across Australia.
Yum Brands Sells Pizza Hut in $2.7 Billion Deal
Yum Brands has agreed to sell Pizza Hut in transactions worth a combined $2.7 billion, with LongRange Capital acquiring the business outside mainland China and Yum China taking control of its China operations. The sale follows years of challenges for Pizza Hut and comes after Yum launched a strategic review of the brand in late 2025. The deal will also end Pizza Hut's long-standing connection with sister brands KFC and Taco Bell under the Yum portfolio.
PwC’s HK$128M Evergrande deal faces court test as liquidators push back
Evergrande liquidators filed a judicial review on May 13, 2026, contesting a HK$1 billion settlement approved by Hong Kong regulators and PwC. The challenge could delay creditor recoveries, raise legal risk for restructuring advisors, and compel builders to demand independent valuations before signing settlement agreements. Builders must adjust financing models now to protect cash flow against possible postponements.
Lincraft to close all Australian and New Zealand stores after 80 years in business
Lincraft has announced it will progressively close all of its physical stores across Australia and New Zealand after more than 80 years in business. More than 60 stores will be affected, while the retailer's online business will continue operating during the transition. Managing director John Maguire described the move as an extremely difficult decision and said supporting employees remains the company's priority.
More retail News
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Frasers moves to buy remaining Accent Group shares in A$390.8M offer
Frasers Group has launched a A$390.8 million offer to acquire the remaining shares of Accent Group, extending its investment in Australia's retail sector. The proposal follows an existing partnership between the companies and comes as retailers navigate mixed consumer spending conditions across Australia and New Zealand.
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Alibaba tables $1.5B offer for Pupu in China grocery push
Alibaba has reportedly offered US$1.5 billion to acquire grocery delivery company Pupu, underscoring growing competition in China's instant retail sector. The proposed deal comes as major technology groups invest heavily in logistics networks, grocery fulfilment and rapid delivery services to capture a larger share of consumer spending.
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Woolworths completes $500M neighbourhood shopping-centre sale in Australia
Woolworths has completed a $500m property sale in Australia involving a portfolio of neighbourhood shopping centres. The deal highlights continued investor demand for supermarket-anchored retail assets and reflects the company’s long-running strategy of developing sites and later selling them while retaining long-term leases.