Retail

NAB's lessons for Woolworths

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NAB's Andrew Thorburn offers a good model of decisive leadership for whoever ends up stepping into the driver's seat at Woolworths.

Fels to head 7-Eleven panel

by AAP
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Former ACCC chair to head independent panel set up by 7-Eleven to probe underpayment.

Fels to head 7-Eleven panel

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Former ACCC chair will head an independent panel set up by 7-Eleven to investigate underpayment.

Myer shares close at all-time low

by AAP
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Stock slumps to 90c after retailer completes institutional entitlement offer.

Why impatient investors have punished Myer

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The question for investors is whether to stick with the struggling retailer while it restructures or to simply cut their losses.

Retail's growth spurt won't last long

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It will be difficult for household spending to maintain its current momentum while national income per capita is falling and population growth is slowing.

Weaker retail sales miss forecasts

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Official ABS data shows retail trade tracks in opposite direction to expectations in July.

Myer tumbles after trading halt

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Myer shares dive 17 per cent to 94c after completing institutional entitlement offer.

Kathmandu again rejects Briscoe

by AAP
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Retailer reiterates its advice to shareholders to reject offer after Briscoe says bid won't be raised.

Services sector expands for third month

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Australian Industry Group services index rises 1.5 points to 55.6, expanding for third month.

Briscoe holds firm in Kathmandu bid

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Kiwi retailer reaffirms takeover offer, gives no price increase or time extension.
-Eleven will pay balance of underpaid wages: Withers
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Australian 7-Eleven chairman pledges to meet shortfall in employee wages, defends company's franchise model.

Harvey Norman buys $34m dairy stake

by AAP
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Homewares retailer takes 49.9% stake in northern Victorian dairy company Coomboona.

Aldi’s love affair with suppliers is killing Coles and Woolies

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Coles and Woolworths have finally cottoned onto the subversive danger of Aldi’s business model, but they're struggling to fight it.

Myer stakes fashion rep on Topshop

by AAP
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Group to buy a slice of Topshop's Australian arm as part of $600m revamp strategy.

Online retail sales sink in July

by AAP
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Sales dip after spending frenzy following government's small businesses tax cuts.

Myer’s 2020 vision

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Richard Umbers’ five-year turnaround plan should go a way to appeasing the retailer’s critics.
-Eleven acts on wage rip-off claims
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Convenience store chain orders investigation of alleged widespread underpayment of wages.

Myer to raise $220m after profit slide

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Troubled retailer launches $220m entitlement offer, new strategy after 70% profit slide.

Aldi steps up supermarket war

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German discount grocer has plans to open 80 new stores across Australia next year.

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