Record lamb prices slaughter Easter roast
Lamb's luxury price tag is forcing a rethink of a traditional Easter treat as butchers grapple with record red meat prices.
Catie Low covers the retail and consumer goods sectors.
Lamb's luxury price tag is forcing a rethink of a traditional Easter treat as butchers grapple with record red meat prices.
Hundreds of workers from Marcs and David Lawrence stores will still lose their jobs despite Myer's last-minute rescue.
Myer has rescued troubled fashion brands David Lawrence and Marcs, buying the brands out of administration following their collapse in February.
Aldi plans to boost its grocery selection by close to one fifth as the German discounter chases down a bigger share of Australia's $90 billion grocery market
Coles' boost to checkout staff for the Easter weekend is a response to Woolworths' over-investment in staff.
JB Hi-Fi group chief Richard Murray dismissed "chatter" about house prices in Australia and its potential impact on The Good Guys chain, which he claims is performing ahead of expectations after a tough start to the year.
Aldi will open 25 new stores a year on the east coast and spend at least half-a-billion-dollars smartening up its aging fleet.
Solomon Lew's $101 million raid on Myer shares will not automatically deliver the billionaire rag-trader a seat on the department store's board.
Coles and Woolworths' sales will grow by as much as 5 per cent in the next five years as Australian households buy more supermarket food to cut household costs.
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.
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