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Myer's in trouble - better call Sol
The only thing preventing an even more catastrophic fall in Myer's share price is Solomon Lew.
The only thing preventing an even more catastrophic fall in Myer's share price is Solomon Lew.
It appears Amazon Australia's first retail operations centre will be located in the outer south-eastern suburbs of Melbourne
Myer's full-year profit looks set to be largely wiped out after the retailer wrote off its stake in struggling Topshop and continued to suffer from weak trading conditions.
Regardless of the series of body blows that Myer announced on Thursday, chief executive Richard Umbers is sticking to the transformation plan.
Lululemon Athletica is suing Under Armour for allegedly copying a sports bra design.
It's crunch time for David Jones.
David Jones' full-year sales have dropped for the first time under South African owner Woolworths Holdings amid weak consumer confidence.
Stock removed from 17 stores while negotiations continue to save brand.
Coles and Woolworths have launched a bare-knuckle brawl for shoppers' bread bins.
Shares in Adairs have soared to a five month high after the manchester and homewares retailer's sales rebounded to hit the top end of its forecast.
Australia's $170 billion franchise sector is on notice after a class action was announced in Canada
Australia's best known fast food chain is believed to be going cold on shopping centres.
Food and grocery wholesaler Metcash has appointed former British supermarket giant Tesco executive Jeff Adams as its next chief executive.
Australia's dominant hardware chain is expected to take advantage of the demise of rival Masters.
Domino's Pizza franchisees say a new campaign promoting a no-questions-asked guarantee has led to a spike in unfounded complaints.
The administrators for the failed Topshop franchise in Australia are closing five of its nine stand-alone stores in a bid to save the local arm of the UK fast-fashion retailer.
Under-pressure pizza chain Domino's risks a consumer backlash as it cuts costs by trialling smaller pizzas and swapping Coke for Pepsi.
Investors have hammered Coca-Cola Amatil on Friday after a double-shot of bad news on Thursday.
When analysts at Morgan Stanley were trying to handicap the driverless car race, their thoughts kept turning to chicken wings. And the Disney film "Frozen." And beer. All the things you can do when you're not spending your time locked behind the steering wheel anymore.
Coca-Cola Amatil has suffered another setback after losing a contract to major rival Pepsi/Schweppes to stock soft drinks and bottled water at hundreds of fast-food shops across the nation.
Australia's largest pizza chain could be about to shrink the size of some of its pizzas, seeking to offset the costs of higher weekend penalty rates.
Woolworths has announced it won't be stocking Coca-Cola's new product, Coca-Cola No Sugar.
Investors betting against Australia's most shortest stock and claiming its business model is outdated have lost money yet again as the travel group's shares soared this week following a profit upgrade. It's not the first time.
Shares of Flight Centre have jumped in early trading after the company raised its full-year earnings forecast following stronger-than-expected sales and profit in the second half.
Your suitcase has taken on a life of its own. It can now tell you if it has strayed too far, or if you've packed too much, and it may soon be able to call you an Uber car.
A surprise jump in retail sales statistics lit a fire under Australia's beleaguered discretionary retail stocks on Tuesday, making them some of the best performing on the ASX.
Franchise Council of Australia's Bruce Billson says he "loves" franchising despite recent wage underpayment scandals.
Coles will need to splash cash on everything from labour to marketing and store presentation to regain its mojo, UBS says.
Australia's $126 billion food and grocery sector, under pressure from rising energy costs and keen to reduce its reliance on supermarket giants Woolworths and Coles, is exporting more to the US and China.
Private equity has boosted its investment in Australian retail to more than $6 billion but investors are struggling to move on from the collapse of Dick Smith and underperformance of Myer.
Who you're married to matters.
Risks abound as upmarket restaurants make the move to mass market through online-ordering apps and home delivery.
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