Woolies boss concedes ‘we need to do better’ as profit disappoints
Warehouse strikes, higher wages and falling customer satisfaction have hurt Woolworths’ profit with the retailer’s CEO conceding it needs to do better and will cut costs by $400m.
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‘Innovative thinker’: Michael Hill chief dies suddenly aged 57
Jewellery company Michael Hill has announced the sudden death of Brisbane-based CEO Daniel Bracken, who died overnight following an adverse reaction to medical treatment.
Domino’s CEO pledges action to arrest slump
The pizza chain has slammed the brakes on its aggressive global expansion and shuttered stores and cut costs, causing heartburn for investors, with the company swinging to a loss.
‘We could have saved Catch’, says Kogan.com boss
Kogan.com boss Ruslan Kogan would have bought rival Catch if given the chance, rather than see it shut down by Wesfarmers.
Lovisa misses profit forecasts
The jewellery and accessories retailer is paying a price for its aggressive global expansion, missing profit forecasts, but it isn’t stopping its store rollout and has announced Zambia as its 50th market.
Winemaker sends stylish message in a bottle
McGuigan winemaker Australian Vintage, is backing a less is more type approach for wine with the launch of Poco Vino, a smaller but stylish packaging format.
Breakfast bonanza heats up growth at Guzman y Gomez
Guzman y Gomez is doing a roaring trade in tacos and brekkie burritos, positioning it to beat its prospectus profit forecasts but an earnings miss has sent the shares diving.
Reject Shop boosts sales, lifts dividend
The Reject Shop has built its reputation over 40 years as a store where value is king amid tougher economic times, and the retailer has pulled off record sales, higher profit and hiked up its dividend.
Wesfarmers warns of economic dangers despite rate cut
Wesfarmers CEO Rob Scott warns we are “not out of the woods yet” on the economy as dangers still persist despite this week’s cut in interest rates.
‘Retrograde’: Super CEO slams calls to dump diversity changes
The peak superannuation body remains aggrieved at a decision to axe corporate governance reforms including diversity changes, saying business leaders should ‘rise above politics’.
Original URL: https://www.theaustralian.com.au/author/eli-greenblat/page/5