Savers opens 19th store in Australia as charities question for-profit model

The $2.2 billion American thrift retailer opened its 19th Australian store in Geelong on August 27.

Why it mattersSavers' 50 per cent margins mean growth here may squeeze nonprofit op shops that funnel profits back into community programs.

AustraliaAustralians now have a major for-profit thrift option competing with established nonprofits, which may affect where donations flow and what programs local charities can fund.

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Funday lollipops land in nearly 1,300 Target stores from September 13

Funday Natural Sweets is a Melbourne lolly brand. On September 13, it launches five varieties. They will be across nearly 1,300 Target stores in the US.

Why it mattersThis achievement shows an Australian consumer brand growing into world markets. It also signals strong demand globally for natural sweets.

File image: Large multi-storey residential construction site with cranes and scaffolding in suburban area

✓ 7NEWSMoney & Work

Bathla Group seeks funds as 2,000 homes sit unfinished in Sydney

Bathla Group's administrators are seeking short-term funding to keep the developer running. But they warn it would only buy weeks to find longer-term money. The company has about 2,000 homes and apartments under construction. These span 45 projects, mostly in western Sydney.