This Month
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- McPherson's Limited
ASIC pursues former IRExchange executives five years after collapse
The disclosure of the charges were made by the three businessmen’s currently employers, beauty group McPherson’s and mining software firm Chrysos Corporation.
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- Carrie LaFrenz and Max Mason
Temple & Webster shares gain as sofas, bathroom taps boost sales
The country’s biggest online furniture and homewares retailer beat market expectations for sales in the first half of the financial year.
- Carrie LaFrenz
Weak $A points to price rises for fridges, dishwashers: JB Hi-Fi
The electronics and consumer goods giant reported better-than-expected results, but the retail dynamic is getting more complicated.
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- Carrie LaFrenz
Nick Scali shares jump as UK shows promise
The furniture retailer beat first half profit expectations and continued to make good progress in the UK where it is revamping the Fabb Furniture business.
- Carrie LaFrenz
Iconic office supplies brand Winc hits the auction block
Although not as recognisable as Wesfarmers-owned Officeworks, Winc delivers more than 50,000 boxes a day to offices around the country.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Carbon challenge
IKEA drops hopes of emissions-free deliveries by this year
Poor charging infrastructure for vans and trucks has forced a move to “more realistic” goals on emissions-free deliveries, the retailer says.
- Angela Macdonald-Smith
Estée Lauder to cut up to 7000 jobs as tariff war looms
Shares in the iconic beauty products conglomerate plunged after it held off on providing a full-year financial outlook due to “evolving global uncertainty”.
- Jeannette Neumann
TPG’s $3.75b pets-and-vets biz Greencross weighs life on the ASX
There are still a few pieces to fall in place, including key appointments, before TPG’s Asia boss Joel Thickins can make a final decision on an IPO.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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- Food & drink
Woolworths restructures to supercharge lacklustre supermarket growth
The company’s chief executive Amanda Bardwell has elevated a long-time executive to oversee a combined supermarkets and home-brand products division.
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- Carrie LaFrenz
Coles calls in Bain as it slashes the number of products on shelves
Australia’s second-largest supermarket chain quietly wants to reduce its range by at least 10 per cent – a move which should lead to higher profits.
- Carrie LaFrenz
January
Lorna Jane doubles profits as athleisure boom refuses to fade
But the Brisbane-based activewear brand faces intense competition from big rivals like Lululemon and cheaper retailers such as Target.
- Simon Evans
NAB helps Amazon bypass credit cards with new way for customers to pay
The bank will enable the online retailing platform to accept payments directly from bank accounts, via an Reserve Bank-backed system known as PayTo.
- James Eyers
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- Mergers & acquisitions
Chemist Warehouse shareholders seal $30b merger in 16-minute meeting
The reverse listing of the pharmacy giant through Sigma Healthcare was signed more than a year ago. Investors in both companies quickly gave the green light.
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- Michael Smith and James Thomson
- Opinion
- Chanticleer
Chemist Warehouse seals its $30b moment at a low-key suburban pub
The Olympic might seem a strange place to crown a big merger. But at its heart, this is a working-class migrant success story born far from the top end of town.
- James Thomson
Noni B, Millers fashion chains to shut with 900 jobs gone
The closure of the last two brands in the Mosaic portfolio comes less than a week after the Rivers label was wound up. All up, 2800 staff have been cut.
- Carrie LaFrenz
Is this the end of the ‘smoko’ break?
A Kmart boss says fewer people smoke these days so the mid-morning break is less important. Unions accuse the retailer of trying to kill off an Aussie tradition.
- David Marin-Guzman
Sales growth slows at Hype DC, Platypus shoe chain owner
ASX-listed retailer Accent Group turned to higher promotions to attract shoppers, but at the expense of its profit margins.
- Carrie LaFrenz
Assault on retail penalty rates may spread to other jobs: ACTU
A major push to simplify the retail award, backed by Coles, Woolworths, 7-Eleven and Mecca, has sparked union fears of a broader attack on penalty rates.
- David Marin-Guzman
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- Mergers & acquisitions
Chemist Warehouse sales top $5b in six months ahead of ASX listing
The privately held pharmacy giant’s shareholders will vote on a merger with Sigma Healthcare on Wednesday, a deal that would create a $29 billion company.
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- Michael Smith
Young people are the happiest customers. 3 charts show why
Despite the cost of living, a cohort of Australian consumers is still willing to splash out $250 on a swimsuit. What’s fuelling their spree?
- Carrie LaFrenz