Today
- Updated
- Retail
Freight collapse leaves Nick Scali furniture stranded, profits at risk
The failure of Lion Global Forwarding meant 200 containers were stuck at port, with the retailer warning for the second time in a month of an earnings hit.
- 1 hr ago
- Carrie LaFrenz
Yesterday
Woolworths suppliers put on ‘holiday’ for price pushback, ACCC hears
The competition regulator’s public hearings have been told some producers did not receive any orders from the supermarket if they refused to drop prices.
- Carrie LaFrenz
Proxy firm tells Kogan investors to vote down exec pay
Ownership Matters told its clients to also vote against the re-election of James Spenceley following a questionable options deal earlier this year.
- Carrie LaFrenz
This Month
ACCC takes on Woolworths boss in rare intervention
The supermarket giant appeared at a public hearing on Monday as the regulator investigated the market power of it and its biggest rival, Coles.
- Carrie LaFrenz and Tom McIlroy
- Opinion
- Chanticleer
The moment the ACCC boss put the heat on Woolies
The competition regulator is clearly sceptical about the way the supermarket giants use discounts, and whether the market is really competitive.
- James Thomson
- Exclusive
- Private equity
Greencross names new CEO as TPG eyes exit path
The new chief executive of the vet clinics and Petbarn and City Farmers pet stores arrives amid intense competition from Woolworths and other big retailers.
- Carrie LaFrenz
Inside the two weeks from hell for the country’s biggest supermarkets
This week, Woolworths chief executive Amanda Bardwell and Coles’ Leah Weckert will have a chance to tell their side of the story in hearings run by the ACCC.
- Tom McIlroy and Carrie LaFrenz
With CBA shares at $155, the IPO ice age is finally thawing
Fund managers and experts say 2025 should bring a more lively market for new listings, bolstered by interest rate cuts, new merger laws and pent-up demand.
- Simon Evans
How to build a $9m business from your bedroom
Sam Morton’s company supplies graphics kits for motorcycle owners – and had a big win when iconic British brand Triumph signed him up.
- Simon Evans
Getting off the grog isn’t easy. Ask Woolworths
The supermarket group cleaned up its image after divesting from booze and pokie assets.
- Mark Di Stefano
Anacacia Capital goes shopping with homewares wholesaler Florabelle
Street Talk understands the $800 million private equity firm has invested in 42-year-old operation Florabelle alongside its founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cettire suffers from soft trade in luxury goods
CEO Dean Mintz says more of the online luxury platform’s margin has been passed on to consumers in hefty promotions.
- Carrie LaFrenz
Guzman y Gomez thinks drive-through outlets are the future
Co-CEO Steven Marks says a full suite of tradies, families, commuters and those with late-night hunger pangs are captured at a drive-through, although they cost more to set up.
- Simon Evans
When things went wrong for the cafe baron and the Chinese shoe king
The Federal Court has ordered that Faddy Zouky’s assets be frozen until he pays back nearly $9.6 million after a business deal turned sour.
- Updated
- Max Mason
Supermarkets face earnings crunch if loyalty schemes are dismantled
Macquarie warns of a drag on the performance of Coles and Woolworths if the competition watchdog disrupts their customer retention programs.
- Carrie LaFrenz
Coles chairman says cost of living has been ‘politicised’
James Graham told the comapny’s AGM that supermarkets are being targeted unfairly by politicians.
- Updated
- Carrie LaFrenz
- Opinion
- Chanticleer
Aldi proves populism won’t cut grocery prices
Breaking up Coles and Woolworths makes for a populist soundbite, but Aldi’s evidence at the ACCC supermarket inquiry suggests it wouldn’t drive grocery prices down.
- Updated
- James Thomson
Quadrant strikes $500m deal to offload outdoor phone group Quad Lock
The Melbourne-based business will be acquired by Swedish giant Thule. It makes products that lock phones to bikes, boats and cars used on tough terrain.
- Carrie LaFrenz
- Updated
- Food & drink
Endeavour warns on profits amid sluggish liquor store sales
The owner of Dan Murphy’s and BWS is still ahead of the market and next biggest competitor, but increased discounting is hurting margins and earnings.
- Updated
- Carrie LaFrenz
Sacked Smiggle executive John Cheston faces loss of $4m in shares
The board of Solomon Lew’s Premier Investments has unanimously recommended shareholders strip him of stock handed over as part of executive incentives.
- Kylar Loussikian and Carrie LaFrenz