Madeleine Heffernan

Where are our beer caves? Convenience stores want US-style alcohol sales

Madeleine Heffernan US retailing giant Costco is appealing a court decision blocking it from selling alcohol at its new Adelaide store, as the government is urged to review restrictions on supermarkets selling alcohol.

Funtastic shares slump to new low on the back of $29 million loss

Cabbage Patch Kids are among Funtastic's best sellers.

Madeleine Heffernan The toy wholesaler backed by Gerry Harvey and Lachlan Murdoch is at rock bottom but says it can return to profit this half.

'Aussie Beer' made in China cops fine

Sold last year,

Madeleine Heffernan A beer named "Aussie Beer" that was made in China has copped the ire of the competition regulator.

Ian Macfarlane departs Woolworths board

Ex-RBA governor Ian Macfarlane will leave the Woolies board on Tuesday.

Madeleine Heffernan Woolworths has announced that former Reserve Bank governor Ian Macfarlane will leave the board of Australia's largest retailer after eight years.

Radio silence from Pandora on Australian accounts

Radio in the shape of Lips
SMH GUIDE Illustration by JOHN SHAKESPEARE

Madeleine Heffernan Internet radio service Pandora joins Facebook, Twitter and BuzzFeed in seeking exemption from filing accounts that would reveal its local earnings and tax.

Booming coffee market moves into consolidation phase

The classic English breakfast (L), the cafe uses Yahava coffee roasters.

Madeleine Heffernan The retail coffee sector is estimated to be worth $3.2 billion a year so there is no wonder it attracts the likes of Retail Food Group.

Metcash supermarkets boss departs

Chief executive Ian Morrice will

Madeleine Heffernan Grocery wholesaler's chief executive Ian Morrice will run the businesse until a permanent replacement is named.

ACCC keeps its eye on Heinz-Kraft $59b merger

Mondelez's local operations stated it's trademarks are not affected by the Kraft-Heinz merger.

Madeleine Heffernan Australia's competition watchdog is monitoring the global food giants' merger for any possible consequences for Mondelēz, Kraft's spin-off that owns brands such as Ritz and Cadbury in Australia.

Myer says profit downgrade was decided the day before poor results were released

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Madeleine Heffernan Department store chain says its processes 'robust, efficient and consistent with market practice'.

Kathmandu flags store slowdown over Australian uncertainty

Kathmandu shares fell 12 per cent after the sluggish sales figures were released.

Madeleine Heffernan Activewear retailer says unsure if flagship Australian operation has cyclical or structural problems.

Solomon Lew's Premier Investments 'optimistic' for 2015

Premier Investments chairman Solomon Lew reported a 9 per cent rise in profit to $56.8 million.

Madeleine Heffernan Investors push retailer's shares to a record high on its increased dividend and a better-than-expected result for its stationery brand Smiggle.

Myer vows action after disappointing double-digit downgrade

Gift cards are displayed for sale inside a Myer Holdings Ltd. department store in Melbourne, Australia, on Friday, March 13, 2015. Myer, Australia's largest department store by sales, is scheduled to report half-year earnings on March 19. Photographer: Carla Gottgens/Bloomberg

Madeleine Heffernan Department store chain Myer has pledged to take "courageous" action after revealing a surprise downgrade that is expected to prompt questions from market regulators.

Deloitte Access Economics warns on house prices, tips retail slowdown in 2016 financial year

The report cautioned that low interest rates could lead to real estate

Madeleine Heffernan Economics advisory firm says this year will see a healthy rise in retail sales, but next year won't be so rosy.

Bag maker Crumpler stitches up Olympic deal amid Asia push

Crumpler bag

Madeleine Heffernan Melbourne-based bag company Crumpler has inked a deal to become the ''official luggage sponsor'' of the Australian Olympic team.

Aldi says no insurance plans 'at this stage'

Aldi sells insurance overseas and it's been speculated it is moving towards selling insurance, in particular car insurance, locally.

Madeleine Heffernan Australia's car insurance industry has been described as one of the world's most profitable because two companies - IAG and Suncorp - have more than 70 per cent market share.

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McDonald's sales reach $4b in Australia

Golden market for the Golden Arches: The chain's local sales suggest a $1 billion profit last year.

Madeleine Heffernan Sales at the Golden Arches climb as Australians raise spending at cafes, restaurants and takeaway food services by about half a billion dollars over the past two years.

Prydes buys collapsed Betta Foods, 170 face redundancy

Closing down: Betta Foods in Broadmeadows. The Melbourne suburb already has 27 per cent unemployment.

Madeleine Heffernan More than 170 people will lose their jobs and taxpayers are set to foot the bill for the collapse of sweets manufacturer Betta Foods.

Coles to broaden insurance offer with pet and travel cover

Coles'

Madeleine Heffernan Supermarket chain Coles is expanding its insurance offering with plans to cover pets and travel.

Metcash hoses down tax timebomb talk

Madeleine Heffernan Metcash has hosed down suggestions it owes money to the tax office for failing to pay fringe benefits tax on the "overseas study tours" taken by its employees.

It's still a happy meal in Australia for McDonald's

Golden arches

Madeleine Heffernan McDonald's sales and visits have increased in Australia over the half year, proving a bright spot for the world's biggest restaurant chain as it is racked by falling global sales and food shocks in...

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