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JB Hi-Fi in online push as Amazon arrival looms
Retailer says it needs to bring its online offering up to standard.
Retailer says it needs to bring its online offering up to standard.
Investors in Wesfarmers got seriously spooked on Wednesday when the release of its quarterly sales numbers showed Coles sales growth had slowed to a crawl.
Radek Sali, the former Swisse chief executive who sold the vitamins company for $1.67 billion two years ago, has launched an advertising agency he says will help other companies target the burgeoning Asian consumer market.
Coles is promising to bounce back in 2018 after cheap fruit and vegetables contributed to the supermarket's sales growth falling to its slowest rate in eight years.
The blows keep coming in the brawl over control of department store chain Myer, with Solomon Lew launching a fresh attack on the company's financial performance.
Hardware giant Bunnings' attempt to invade the British Isles has sunk deeper into trouble, with its first-quarter sales in the UK and Ireland falling more than 13 per cent.
Woolies' warehouse workers are preparing to walk off the job to demand higher wages and greater job security - it could be a "canary in the coal mine" for wages across the country, says Goldman Sachs' chief economist.
I'm willing to pay a little more to ensure suppliers are treated fairly, but I don't want businesses to exploit my generosity to boost their own profits.
Myer's outgoing chairman says there would be no value in giving Solomon Lew seats on the department store's board, and has described the veteran retailer's meddling in the company as a "train wreck".
Solomon Lew has threatened to call an extraordinary general meeting to get two seats on Myer's board, after the under-siege department rebuffed his request earlier this month.
A study has found retail workers are spending money out of their own pockets to promote the fashion brands they sell.
Myer's incoming chairman has doubled down in support of the under-siege department store's turnaround strategy and board, saying his own investment of half a million shares proves his conviction that the company is on the right track.
Solomon Lew is set to use his 10.8 per cent stake in Myer to not only vote against against the appointment of three Myer directors but also the pay package for chief executive Richard Umbers.
Changing Australians' reading habits may be a challenge for Amazon.
Debenhams is determined to break the cycle of perpetual discounting that's impacted sales at other department stores when it launches in Australia next week.
If the Myer board thinks it has dodged a bullet at its next annual meeting by replacing its chairman and appointing a new director, it is in for a rude awakening.
Shares in Adairs have fallen after the linen and homewares retailer paid a $66,000 penalty for allegedly failing to notify the ASX that its 2017 full-year guidance would be materially lower than market expectations.
Shares of Apple and some of its suppliers fell on signs that demand for the new iPhone 8 models isn't as strong as anticipated while buyers await the release of the higher-end iPhone X.
Classic food brands Fountain, Gravox and Foster Clark's have been sold to US food giant Kraft Heinz in a $290 million deal.
Domino's Pizza is doubling down on its push into Germany, buying the Hallo Pizza chain in a deal worth about $100 million.
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.
Crunching the data on whether the minimum wage is crushing hopes.
Greg Carter had only $30 to his name when he met his mate for a pint at the pub.
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