Wesfarmers boss warns against back-to-the-‘80s mentality
The owner of Bunnings, Kmart and Officeworks modestly grew annual profit, but is seeing consumers trade down to value products.
The owner of Bunnings, Kmart and Officeworks modestly grew annual profit, but is seeing consumers trade down to value products.
Shoppers looking for value have returned to the no-frills retailer, controlled by packaging boss Raphael Geminder, fuelling profits and a dividend windfall.
Chief executive Brad Banducci has delivered stronger profit margins for his flagship supermarkets but denies it was at the cost of gouging customers on price.
Domino’s Pizza chief executive Don Meij believes his pizza chain is already back on the path to the type of premium growth the former market darling was famous for.
Coles admits being swept up in a spike in theft from its stores, fuelled by a trend of organised crime rings that target specific items en masse to sell online.
Newly minted Coles boss Leah Weckert has had a rough first reporting season, as rising costs sent its shares to their worst one-day losses since 2020.
The online retailer says it has slashed its once bloated inventory and is delivering better quality earnings as for the first time the majority of sales came from its own platforms.
A tour of the US and Europe added urgency for Solomon Lew to push ahead with an audacious bid to split his empire. But it would come at a cost.
The furniture retailer says many of its shoppers are pulling back on spending despite massive discounts on offer.
The brand famous for its toasters, juicers and sandwich makers has hiked its dividend, raised profits and pledged to grow earnings in 2024 despite the consumer slowdown.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/43