German giant buys supermarket site to enter Australia
Australia's fiercely competitive grocery sector is set for another shakeup after German giant Kaufland purchased a landmark South Australian site for its first major supermarket.
Australia's fiercely competitive grocery sector is set for another shakeup after German giant Kaufland purchased a landmark South Australian site for its first major supermarket.
Upmarket department store chain David Jones has opened its next generation site at GPT Group's Wollongong Central, which features a new food concept.
Solly Lew was granted half an hour with Myer chairman Paul McClintock in October after trying to see him since May. It turned out to be the final straw for the Premier Investments boss.
The carnage in the retail apparel industry just gets uglier. The only thing that appears to be rising strongly in this market is the list of companies that are being placed up for sale.
Maxine Horne's Vita Group is expanding into new categories.
​Embattled luxury handbags retailer Oroton is looking at its options, including selling to new owner, after falling sales and the demise of its Gap stores pushed it to a full-year loss.
In a very short statement to the stock exchange Solomon Lew has put Myer on notice. Let the games begin.
Solomon Lew's Premier Investments has requested the full Myer shareholder register.
New rain jackets and backpacks have helped lift adventure gear retailer Kathmandu's full-year profit by nearly 14 per cent as the broader clothing market suffers from tough trading conditions.
More Australians are splashing out on "meaningful experiences" such as concert tickets, the theatre, hotel stays and eating out rather than retail goods, according to NAB data.
Veteran retailer Solomon Lew has unleashed his views on what he really thinks about Myer, and the verdict?
Veteran retailer and billionaire Solomon Lew has lashed out at "unrealistic" property landlords, saying more stores would close if they didn't cut rents.
The promise of a free lunch can be mightily alluring.
Wesfarmers boss Richard Goyder is going out on a high, taking home a record $12 million packet in his final year in the retail conglomerate's top job.
Crocs, perhaps the most polarising shoe of our time, is making a comeback.
Coles will not put a new wage deal agreed on with the shop workers' union to a staff vote until the workplace tribunal decides whether to throw out its existing deal that pays lower penalty rates.
The Australian arm of global kids retailing giant Toys"R"Us insists local stores will trade as normal after its parent company filed for bankruptcy in America and Canada.
Myer investors have punished the department store and pushed its share price to an all-time low.
Myer will try to claw back sales and floor space from the high-end concession stores that have colonised its stores.
Only two years into the making of New Myer, its architect Richard Umbers is in strategy redesign - or as he would characterise it , refinement - as the business has fallen behind on its ambitious targets.
Myer says it will close more stores in what it expects to be another difficult year after its bottomline profit tumbled 80 per cent due to writedowns on the value of some of its fashion brands.
Australian retailers considering selling goods through Amazon do not trust the American ecommerce giant, and fear it might use their own sales data to undermine them, according to eBay' new local boss.
Aussies hoping to buy the new iPhone are likely to be forking out more than most countries in Asia.
The antidote to the current weakness in retail spending is an end to our sluggish wage growth.
Slinging booze has emerged as one of the few bright spots in Australia's otherwise struggling retail landscape.
US retail giant Amazon could launch in Australia within the next 60 days if feedback from suppliers proves correct, according to Citi analysts.
Coles has added another twist to its experiments with online delivery, teaming up with the bicycle-based service Deliveroo to offer a 30-minute home deliveries on groceries.
Aldi's billion-dollar fresh food facelift for its supermarkets is giving it more pricing firepower.
Lego had enlisted the help of Batman, Darth Vader and Harry Potter. Unfortunately, even that wasn't enough to turbocharge its profit.
SurfStitch, the victim of one of the most memorable stock market wipe-outs in recent years, could soon be trading on the ASX again under a plan hatched by a mystery company insider that it being considered by administrators.
Australians love a bargain holiday.
Are you distracted by your smartphone when really you ought to be concentrating on the person next to you?
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