September
Dan Murphy’s parent Endeavour rocked by CEO exit
Over three decades Steve Donohue rose from the Dan Murphy’s shop floor to the top job. On Friday, he shocked the market with his departure.
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Woolworths and Coles could be ‘innocent’: Samuel
Graeme Samuel says the higher prices charged by the two major supermarkets could have been caused by suppliers, as the ACCC found the retailers have increased their earnings and operating margins over the past five years.
Sanitarium Weet-Bix and Vita Brits merger under ACCC microscope
The competition regulator is pursuing supermarkets over claims they offered non-genuine discounts. Now it’s taking a look at some of the most popular cereals.
Investors blame supermarket ‘arrogance’ for dodgy discount lawsuit
But some fund managers say a slump in Woolworths and Coles shares is a buying opportunity, betting the ACCC’s claims will be hard to stand up in court.
ACCC call on Sigma, Chemist Warehouse $8.8b tie-up due in four weeks
Merger plans are tracking in line with expectations, with the competition watchdog to make a final decision on October 24 after a previous delay.
Cettire gets auditor’s tick of approval, adding $247m to valuation
A month after the online luxury retailer delivered unaudited accounts, worrying investors, Grant Thornton have signed off, sending the share price surging.
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- Supermarkets
Woolworths, Coles faked discounts on hundreds of products, says ACCC
The regulator is suing the country’s two biggest supermarkets, claiming they told customers prices were falling when they were actually higher than before.
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Myer investors grow impatient over new strategy as growth stalls
The mid-market department store was expected to outline its growth plans next month. That has been delayed as it considers buying up well-known fashion brands.
Woolworths faces investor calls to ditch Big W, New Zealand
The new chief executive of the country’s supermarket chain is being urged to focus on the company’s core business, which is losing ground to Coles.
Nick Scali wants to conquer Britain. Does it stand a chance?
The ASX-listed furniture retailer has made a big bet on the United Kingdom, where plenty of big Australian companies have come unstuck.
Adairs snares ex-Country Road boss as next chief
Two months on from exiting the turmoil at Country Road Group, Elle Roseby will next year take the top job at the ASX-listed home furnishings and linen company.
- Exclusive
- Earnings season
Country Road goes cheaper at Mimco, Politix in brand ‘reset’
The high-profile retailer will also launch its first fragrance as part of the overhaul, part of a bid to arrest a slide in sales after a difficult year.
Solomon Lew axes Smiggle boss John Cheston
The executive, who had already quit to defect to retail chain Lovisa, has been accused of “serious misconduct” by his former employer, which he denies.
- Exclusive
- Retail
Billionaire Brett Blundy plots new brand to relive lingerie glory days
The businessman was behind the Bras N Things chain, which was sold to Hanes for $500 million, and Honey Birdette, acquired by Playboy for $443 million.
Can sorbet sell hard seltzer? Fellr is banking on it for the summer
The local alcohol brand faces intense competition from overseas giants, including White Claw. The tie-up with hot gelato outfit Messina appears to be working.
Dean Mintz splashes $15.8m on Cettire shares despite audit worries
The luxury fashion retailer’s founder had helped lift the company’s stock by about 50 per cent this week. The end of the spree sent it crashing on Wednesday.
Vintage Cellars to disappear under Coles’ bottle shop rebrand
Coles is trialling an enlarged Liquorland footprint as its best chance of catching up to rival retailer Dan Murphy’s.
- Exclusive
- Retail
Sass & Bide stores to close as new Myer chief clears the decks
Olivia Wirth has moved quickly to axe the storied fashion chain’s standalone retail outlets ahead of a proposed merger with Premier Investments brands.
These three charts show how Coles is outperforming Woolworths
The country’s second-largest supermarket chain is doing better than its bigger rival – from more stock on shelves to lower theft and better value. Here’s why.
August
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- Big four
Big business faces down Canberra’s ‘insidious’ populist policies
Commonwealth Bank chief Matt Comyn has warned “performative” attacks is eroding trust, highlighting the rising tensions between MPs and corporate Australia.
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