![Retailer Premier Investments chairman Solomon Lew, and now Myer's largest shareholder.](/web/20170330034008im_/http://www.smh.com.au/content/dam/images/g/t/2/p/x/c/image.related.landscape.460x307.gv8yr9.png/1490813231131.jpg)
Myer play is a classic Solly Lew move
If history is any guide, Solomon Lew's swoop on a significant stake in Myer is from a playbook he's used many times before.
Catie Low covers the retail and consumer goods sectors.
If history is any guide, Solomon Lew's swoop on a significant stake in Myer is from a playbook he's used many times before.
Solomon Lew's raid on Myer's shares this week will determine the future of the grand old dame of Australian department store retailing.
Pressure is mounting on Harvey Norman after it admitted its accounts were under investigation by the corporate watchdog.
Wesfarmers must put Kmart up for sale to avoid the Target revival turning into a "zero sum game" for the conglomerate.
Premier Investments plans to announce its next international territory as part of its full year results in September.
Billionaire retailer Gerry Harvey said his wife's decision to sell a parcel of her Harvey Norman shares last week was about covering a tax bill and had nothing to do with Monday's share price rout.
Premier Investments says high rents in the apparel sector must come down to reflect the challenges weighing on this retail segment.
Smiggle and Peter Alexander have defied the gloomy retail conditions to post strong sales, helping Premier Investment's profit inch higher.
Myer chief Richard Umbers blames "discount fatigue" for the department store chain's weak second quarter sales performance.
Myer's first-half sales have sagged by 0.6 per cent as a result of what the department store chain called "aggressive competition" and subdued stocktake sales.
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