DJs launches shopping app as part of $250m investment
David Jones has launched a new mobile shopping app as its private equity owners pour $250m of new investment into the retailer to up its game against Myer and other retailers.
David Jones has launched a new mobile shopping app as its private equity owners pour $250m of new investment into the retailer to up its game against Myer and other retailers.
The supermarket giants have defended allegations they promoted false discounts, saying they were legitimate and blaming suppliers for asking for price increases.
The new CEO of Collins Foods, which owns 359 KFC stores across Australia and Europe, believes the fast-food chain has strong ‘value’ credentials but needs to show profitable growth.
Union strikes at its distribution centres have cost Woolworths $50m in lost sales as its shelves lie empty and shoppers go elsewhere, and with Christmas just weeks away there could be more pain for the supermarket giant.
Metcash boss Doug Jones says shoppers are continuing to include independent supermarkets in their ‘repertoire’ as IGA holds its market share.
The Black Friday sales are tipped to trigger a $6.7bn spending spree by consumers, but not all retailers are happy, with some sitting out the shopping blitz.
Businessman Gerry Harvey warns Australia is headed for a ‘black hole’ of debt as vote-seeking politicians splash the cash, stoking inflation and keeping interest rates high.
The brickmaker has warned of worsening conditions in the US and Australia, but CEO Mark Ellenor believes the company has proved its credentials, including 48 years of maintaining or lifting its dividend to shareholders.
The arms race between retailers is so heated Woolworths has taken the unusual step of buying online shopping assets and IP from a failed grocery play.
The difference between a ‘commitment’ to buy fresh produce from farmers and a ‘legally binding’ deal was a source of fireworks at the final day of the ACCC public hearing into supermarkets.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/19