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Elizabeth Knight

Elizabeth Knight comments on companies, markets and the economy.

David Jones, which had been performing well over the past couple of years, has hit a speed bump.

Department stores face uncertain future as sales shrink

  • COMMENT

Australia's department store industry is facing the prospect of shrinking revenue in real terms over the next five years as it battles turbo-charged competition from online and offshore retailers combined with continued weak consumer sentiment.

John Neal was fined $550,000 after not disclosing soon enough that he was in a relationship with his executive assistant.

Bosses romantic behaviour comes at a price

  • COMMENT

It's hard to believe that there aren't plenty of executives around town sweating a little more profusely this week as they delete their text messages and rethink the merits of any secret romantic trysts with their staff.

Big W is now barely profitable with earnings falling around 89 per cent in the first half of the 2017 financial year.

Big W's ugly result spoils Woolies' big day

  • COMMENT

As Woolworths celebrated the early signs of improvement in supermarket sales attention turned to the real elephant in the aisle - the ugly loss notched up by Big W and the continued bleeding of its sales.