The longer he spoke, the more Myer's share price fell
Myer boss Richard Umbers is caught in a pincer. And the longer he spoke, the more the share price fell.
Myer boss Richard Umbers is caught in a pincer. And the longer he spoke, the more the share price fell.
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.
Online retailer's push to revive brand's standing with Australian customers after horror year.
Myer has caved in to major shareholder Solomon Lew's demands to release its first-quarter sales results - and the reading isn't pretty.
Woolworths has shot ahead of its rival Coles, posting comparable food sales growth of 4.9 per cent in the first three months of the financial year.
A year after Myer Warringah was revamped and reopened, industry sources are labeling it a failure.
Myer's incoming chairman has warned that letting billionaire rag trader Solomon Lew into the company's boardroom would be "enormously damaging".
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.
The online retailer's workforce is now larger than the population of dozens of small countries.
As oil refiner and petrol station giant Caltex continues to battle a systemic wage fraud scandal across its franchise network it has come to light that it considered changing its name.
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
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.
The founder of Australian Technology Innovators has been crowned EY entrepreneur of the year.
Customers around the world clamour for "unicorn" designs from this small business based out of Torquay on the Surf Coast.
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