Billionaire Blundy cashes out of Accent
Brett Blundy has sold his Accent stake for $160m to Frasers Group to give the British company a strong position in the nation’s largest footwear retailer.
Eli Greenblat
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Woolies faces challenge as Banducci exits
Woolworths is trailing arch rival Coles in terms of sales growth but outgoing CEO Brad Banducci believes new boss Amanda Bardwell can make Woolies great again.
Frugal shoppers are here to stay: Coles
Consumers looking to save money are helping boost sales for Coles, with that hunt for value on food and groceries here to stay for some time, according to Coles boss Leah Weckert.
Hungry tradies lift Guzman y Gomez profit
The nation’s fast food chains might be suffering from dour consumer sentiment and a pullback in spending on takeaways, but sales are booming at Mexican-themed Guzman y Gomez.
Adore Beauty to try its luck at physical stores
Starting its life as a pureplay online cosmetics retailer, the business is now going old-school with brick and mortar stores to grow brand awareness.
Endeavour boss says pubs, drinks group must do better
Consumers might be stretched, but they are still clinging on to treats of going to the pub or picking up a bottle of wine, boosting Endeavour Group’s results.
‘We won’t rent customers from Facebook,’ says Kogan boss
Ruslan Kogan wants a closer bond with his shoppers through his online marketplace’s Kogan First membership base, which means he won’t need to hand over money to ‘big tech’ sites.
Coles suppliers win new payment terms
In the wake of the bruising senate inquiry into the supermarkets and focus on their treatment of suppliers, Coles has inked a new payments deal with its food and grocery suppliers that should help with their cashflows and budgeting.
Chicken sales feeling the squeeze of slowing economy
In tough times shoppers usually turn from red meat to chicken to save money, but the nation’s largest chook producer Inghams has warned sales growth is slowing.
Super Retail boss says record sales show scandal is not a distraction
Super Retail boss Anthony Heraghty has refused to comment on the harassment and bullying scandal gripping the retailer, and insists his team were ‘on the tools’.
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