Myer appoints some retail nous to its board
Embattled department store chain Myer has moved to address criticisms about a lack of retail experience on its board by appointing Julie Ann Morrison as a director.
Embattled department store chain Myer has moved to address criticisms about a lack of retail experience on its board by appointing Julie Ann Morrison as a director.
Amazon is enlisting some of the biggest athletic-apparel suppliers as part of a foray into private-label sportswear, according to people familiar with the matter, sending a jolt through the industry.
Amazon.com, already the most popular online retailer among adults, is setting its sights on a new demographic: teenagers.
Embattled retailer Myer will farewell its chairman earlier than previously planned as the company accelerated a clean out of its board.
Woolworths will pick up the tab for underpaid trolley collectors where the contractor responsible for ripping off the workers has gone under or disappeared.
Pizza giant Domino's Enterprises, its network of franchisees, unions and thousands of workers will be itching for the outcome of a Fair Work Commission hearing that relates to more than 26 applications by two unions to terminate various enterprise agreements.
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.
Complaints to the Telecommunications Industry Ombudsman by small businesses have risen 31.3 per cent this financial year.
Under a new scheme called Thrive, newly arrived refugees and migrants can access up to $20,000 each to kickstart their business.
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.