Business

Solomon Lew is agitating for change of the Myer management.

Myer subjected to wisdom of Solomon

Retail veteran Solomon Lew says Myer's latest sales figures show the department store's strategy is reaping only "weeds" and that its incoming chairman is unelectable.

Apple's iPhone X, launched September 12, 2017. DISCLAIMER FROM APPLE PHOTOZIP DOWNLOAD: By using any of the media ...

Want an iPhone X? Hurry up and wait

Apple began accepting early orders for its iPhone X at 12:01 am on Friday in California. Within minutes, shipping times quickly lengthened to as much as six weeks.

Amazon shares jumped in after-hours trading on the news.

Amazon beats profit forecasts after sales jump

The online retailer's sales jumped 34 per cent in the third quarter and profit topped analysts' estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies

Bunnings UK is losing money for Wesfarmers.

The sleeper issue inside Wesfarmers

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.

Solomon Lew drastically stepped up his attack on Myer, threatening to call an  early general meeting to get board seats.

Myer chairman hits back at Lew's 'train wreck'

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".

Myer's incoming chairman Garry Hounsell.

Myer chairman says 500,000 shares shows 'conviction'

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 has Richard Umbers' pay packet in his sights.

Lew set to go nuclear on Myer

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.

Billionaire retailer Solomon Lew will vote against the elections of chairman-elect Garry Hounsell as well as Julie Ann ...

Myer to feel the wrath of Solomon at AGM

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.

ASIC alleged Adairs was in breach of its continuous disclosure obligations between September 23 and November 2, 2016, by ...

Adairs fined $66,000 for alleged disclosure breach

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.

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