New Kathmandu boss plans to invest $4.5m in Britain despite history of losses there
The new boss of Kathmandu, Mark Todd, does not believe he will be throwing good money after bad by investing $NZ5 million into raising the brand's profile in Britain, despite the company's stores there never turning a profit.
- by Eli Greenblat
Latest
Oroton to end handbag sales for friends and family
Oroton Group says it wont be dragged into another discounting war this year as it makes peace with loyal shoppers fed up with seeing prices for the retailer's high-end fashion handbags and accessories slashed outside of traditional 'sale' periods.
- by Eli Greenblat
Former PacBrands boss John Pollaers heads to academia
After two years running underwear and bra business Pacific Brands and before that brewer Foster's, former chief executive and one-time navy officer John Pollaers will turn his attention to shaping future Australian business leaders.
- by Eli Greenblat
Lew produces a Premier performance
Solomon Lew has shown the rest of the downbeat retail sector how to bring home a bumper result in an environment awash in consumer pessimism, with his Premier Investments fashion group clinching double-digit profit gains and envious sales growth to push its shares to an all-time high.
- by Eli Greenblat
Myer boss blames budget impasse for patchy retail sales
Myer boss Bernie Brookes has called for "clear direction" from Canberra and an end to the Senate impasse that has choked the passage of budget policies, warning that ongoing uncertainty would create the worst possible environment for the nation's $300 billion retail sector.
- by Eli Greenblat
Competition watchdog muscles AFL over hidden charges for fans
The AFL and half its clubs have been warned by the competition watchdog over their failure to disclose hidden admission costs to members attending high-profile games.
- by Beau Donelly and Eli Greenblat
ACCC takes action on petrol pricing
Motorists are paying more for petrol because big chains BP, Caltex, Coles, Woolworths and 7-Eleven use a members-only website to coordinate price movements, the consumer watchdog alleges.
- by Ben Butler
Innovation way to build biscuit sales, says Campbell chief
Food group Campbell Soup Company believes the Australian grocery sector needs to wean itself off ceaseless price promotions and discounts and opt for innovation to win over consumers.
- by Eli Greenblat
Pressure on Woolworths over synergies
South African retailer Woolworths could miss ambitious synergy targets pledged to its investors.
- by Eli Greenblat
Treasury boss vows end to brand bashing
Treasury Wine Estates chief Michael Clarke has damned the ''bastardisation'' of Penfolds under former management, describing as ''nuts'' the 30-year practice of forcing through sales of its high-end luxury Penfolds collection in the final quarter of the year.
- by Eli Greenblat
Treasury Wine in $260m writeoff
Treasury Wine Estates, the maker of Penfolds, Wolf Blass, Rosemount as well as a large portfolio of Australian, US and New Zealand wines, announced this morning it would write off $260 million from its fiscal 2014 full year profit, reflecting historical prices paid for pre-demerger acquisitions when it was part of brewer Foster's and the slowdown in sales of commercial wines globally.
- by Eli Greenblat
Original URL: https://www.smh.com.au/by/eli-greenblat-hvedm