ASX Announcements
Change of Director’s Interest Notice
Change of Director’s Interest Notice
Change in substantial holding
Change in substantial holding from PPT
Change in substantial holding
Cleansing Notice
January
Rip Curl, Kathmandu sales recover, but earnings tipped to fall
Sales through Black Friday and the Christmas trading period improved but parent group KMD Brands is still facing a big drop in first-half earnings.
Myer plans loyalty card relaunch to capture Just Jeans, Dotti shoppers
The retailer will have 783 outlets and annual sales of $4 billion after shareholders approved plans to buy a portfolio of brands from Premier Investments.
Six decades on, Solomon Lew sets Myer a $5b goal
The retail veteran is banking on big things from a department store icon that has been part of his life for 61 years.
Prosperity and diversity can go hand in hand
Readers’ letters on DEI policies, Peter Dutton’s attacks on “woke” banks, ageing Qantas planes, the real cost of nuclear power, and Myer’s strategy.
Myer’s future written years ago, not in a Kroll report
Forget about independent expert Kroll’s thoughts on Australia’s retail market. Myer’s hard work is about to begin.
Shrinking Myer still better off with Lew brands, expert says
Despite major downgrades from Premier Investments’ apparel labels and Myer, Kroll said on Wednesday the integrity of the deal holds up.
City Chic shares surge as billionaire-backed retailer fights back
The apparel group confirmed it had a bumper Black Friday and Christmas sales period driven by its stores in Australia and New Zealand.
Why Myer’s big deal with Premier is not a get-out-of-jail-free card
Big is one thing, better is another entirely. What is Myer buying in Premier Investments’ apparel brands?
Myer, Premier sales hit by softer trading as vote on merger deal nears
A week out from a shareholder vote on the merger of Solomon Lew’s Apparel Brands with Myer, both companies say trading conditions are tough.
December 2024
The good, the bad and the ugly of corporate Australia in 2024
Big deals, big names, big disasters. From AirTrunk to Woolies to our own Nine Entertainment, here are the biggest moments of the year.
Myer’s mega-expansion guards against Temu and Shein threat: expert
The independent assessors of the retailer’s proposed purchase of five Premier Investments chains say scale is needed to compete against cheap global giants.
Stuck for gift ideas? Here are 56 popular items this Christmas
Australian shoppers are spending with surprising gusto on gadgets, appliances, fashionable drink bottles, cosmetics gift sets and cult skincare products.
Myer says Black Friday sales were ‘encouraging’ despite tough trading
The retailer’s executive chairwoman Olivia Wirth used her first annual meeting in the job to sell plans for a merger with Premier Investments’ fashion brands.
November 2024
Black Friday temptation stands between shoppers and their savings
Retailers are looking forward to a bumper sales event this weekend, as canny consumers hold off spending in anticipation of bagging some bargains.
Premier claims sacked Smiggle boss ‘interfered’ in HR investigation
The disclosure was issued to proxy advisers, and is the first time that Solomon Lew’s retail empire has made a specific allegation against its former executive.
How Mecca outfoxed Sephora in the Australian beauty glow-up
For 10 years, the retail rivals have faced off. One is the clear winner, but the other is still opening stores and has the weight of LVMH behind it.
October 2024
Myer buys big brands from Solomon Lew’s Premier Investments
The department store will end up with control of Just Jeans, Dotti, Jay Jays and Portmans in a deal that gives the billionaire a massive stake in a larger company.
Myer buys Lew’s brands; Trump in damage control; Vanguard eyes super
Read everything that’s happened in the news so far today.
This is the number that drove Myer to cut a deal with Solomon Lew
For years, the retailer has been slowly fading away under a small-target strategy. Olivia Wirth and Lew want to put growth back on the agenda.
Myer board meets to ink $1b merger with Lew’s Premier apparel business
The deal – technically an acquisition by the department store giant – should hand the billionaire retailer a 30 per cent stake in Myer.