Catie Low covers the retail and consumer goods sectors.
Woolworths warned it would get nothing for Big W if it sold the chain tomorrow, after shareholders grilled it over the future of the chain following the shock exit of its chief, Sally Macdonald last week.
Woolworths chairman Gordon Cairns used the retailer's AGM to acknowledge the disappointing performance of the Big W chain, but wouldn't provide any detail on plans for its turnaround.
Woolworths shareholders are expected to take advantage of the retail giant's annual meeting to grill the board and management over the future of its embattled discount department store chain Big W.
Close to 2000 retail workers are facing unemployment just one month out from Christmas after Payless Shoes went into administration on the same day receivers announced the shut down of Pumpkin Patch.
The a2 Milk Company will launch its first "adult nutrition" products next year as it taps into the lucrative wellness trend and expands its profile in the US and UK.
Pumpkin Patch prices will be slashed immediately as the retailer's receiver prepares to wind down the business after failing to secure a buyer.
Australia's biggest independent supermarket chain has gone gourmet in the battle to grow sales and boost margins.
The corporate watchdog has reached out to Harvey Norman as pressure intensifies for the retailer to provide more detail about the financial relationship between Harvey Norman head office and its franchisees.
The shock departure of Big W boss Sally Macdonald has fuelled talk Woolworths will fast-track its plans to sell off the embattled discount department store.
JB Hi-Fi picked up the top gong at the Workplace Giving Excellence Awards on Wednesday.
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