The judge hearing the ACCC’s case against Woolworths and Coles over alleged fake discounts says it’s ‘absurd’ to argue over all 250 grocery products identified as ‘fake’ by the regulator as the case snakes its way through the Federal Court.
Receivers overseeing the embattled Mosaic Brands retail group will close 160 stores and kill off the once popular Katies chain within weeks.
Endeavour Group was spun out of Woolworths four years ago but still shares some warehousing, and the strike at Woolworths by warehouse workers has cost it $25m in lost sales and disrupted supply to its Dan Murphy’s and BWS stores.
Billionaire Solomon Lew has made a surprise appearance at Myer’s AGM to listen to new executive chair Olivia Wirth, who has pushed the purchase of his apparel brands.
Coles is ordering more from suppliers and opening extra checkouts as strikes at Woolworths wiped out $140m in sales, delivering a challenge and opportunity to its rival.
Woolworths shoppers in Victoria, Canberra and southern NSW are being urged to be patient as the supermarket giant begins restocking shelves after strike action and pay deals won by warehouse workers.
An onslaught of higher housing payments coupled with more expensive essentials is driving more Australians to find ways to pay down debt and make their money go further.
Former Super Retail chair Sally Pitkin has retained new lawyers as the company returns to court this week to face off against the chief legal officer it sacked.
The recent boom in retail sales will complicate the RBA’s rate decision on Tuesday and longer-term, Foreign Minister Penny Wong’s reckless UN stance could also have an impact.
Food and grocery suppliers have offered to bypass strike workers and deliver goods direct to Woolworths stores so supermarket shelves can be filled in time for Christmas.
Roger Corbett has blasted the UWU for inflicting maximum damage on the community and the federal government for allowing it with new IR rules.
Deloitte says recent strong retail trade and improving sconsumer sentiment should unleash a substantial rise in household spending in the new year.
A generational shift is well under way at Rob Scott’s retailing conglomerate, Wesfarmers, and this opens opportunities for the breakout Anko brand.
With plans to make its powerhouse brand Anko into a truly global supplier, current boss of Kmart Group Ian Bailey will step down and into a newly created chairman role.
Wesfarmers CEO Rob Scott is growing increasingly concerned about the strike by Woolworths workers that is leaving shelves empty and threatens to spill into higher supply chain costs, inflation and a spike in the cost of living for families.
The top office funds manager is shifting deeper into new kinds of housing as more institutions chase exposure.
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.
Original URL: https://www.theaustralian.com.au/business/retail/page/2