For Myer, Lew merger now hinges on fairness test
Myer shareholders will now be asking what they are really buying in the $800m-plus merger with Solomon Lew’s retail brands.
Retail
Universal Store right on trend but price cuts aren’t policy
Youth fashion retailer Universal Store is cashing in on a wave of 1990s-inspired nostalgia for casual clothing, just don’t expect it to resort to discounting to attract more buyers.
Lovisa’s shares take a tumble
The shine has come off fast-fashion jewellery chain Lovisa as concerns grow that a slower-than-expected store rollout will impact the company’s earnings expectations.
Ex-Lovisa CEO’s new jewellery chain facing lawsuit
Only months after Shane Fallscheer kickstarted a rival brand, the company is already facing legal action from sacked CEO Cass Fuller.
‘Ripped us off’: Kitchenware designer takes aim at retail giant
A local company behind an award-winning flat-folding juicer claims it has been ‘ripped off’ by an ‘unAustralian’ retail giant. CAN YOU TELL THE DIFFERENCE?
Indigenous wine firm full bottle on going global
Australia’s first Indigenous-owned wine company, Mt Yengo Wines, has seen a tenfold surge in growth in the past three months amid rising demand.
Vacuum giant Godfreys is back, but not as you knew it
A year after its collapse, vacuum retailer Godfreys has re-emerged as an online-only retailer as its new owner capitalises on the name and brand awareness of the 93-year-old business.
Scandals, takeovers, Swiftenomics: 2024 was a year to remember
The good, the bad and the ugly – 2024 was an eventful year for investors. We look back on the stories which made headlines and broke hearts.
$72 an hour too rich for Gold Coast restaurateurs
Sky-high staff penalty rates are putting a dampener on an otherwise cracker of a festive trading period for restaurateurs on one of Australia’s most popular tourist strips.
Call to arms: Why wine needs a beer-like approach to marketing
The wine industry needs to unify and take a leaf from the marketing pages of its beer peers that promote an image and lifestyle as much as the brand, says Casella boss John Casella.
Bargain-hunters on a $1.3bn spree
Australians spent an expected record-breaking $1.3bn on Boxing Day sales this year.
SPC boss poaches former Carlton & United Breweries colleague
Robert Iervasi, ex CEO of Carlton & United Breweries, has poached a former colleague from the beer group to help him grow the cannery business.
Record-breaking spend tipped for Boxing Day shopping spree
Australians are expected to spend $1.3bn on Boxing Day, with customers expected to splurge on household goods, clothing, and food.
Super Retail facing rush of whistleblowers
As many as 10 whistleblowers could have a potential case about an alleged toxic workplace environment at Super Retail Group, according to fresh court details.
Why business will drive the economic recovery
It’s time governments abandon the well-trodden path of company bashing for political point scoring and talk up the role of business in our economy.
Less ham on menu this Christmas: Primo Foods
Ham is the centrepiece of the Christmas dinner table, but the high cost of living is leading to families cutting back this season, according to Primo Foods.
Codral, Sudafed ineffective, class action against Johnson & Johnson claims
A lawsuit alleges Johnson & Johnson put ‘profit before people’ by marketing cold and flu tablets containing a drug that is allegedly ineffective at relieving congestion when taken orally.
Retailers face tough times but consumers are starting to spend
Retail performance has long been a bellwether for our economy, and this year’s Christmas and peak trading period have never been more crucial for Australian retailers.
Whistleblower win awarded to Super Retail
Super Retail has won the first major court battle against its two former most senior female executives turned whistleblowers, but the war is still to come.
Households set to spend again as cost of living eases
Consumers are tipped to reopen their wallets for big-ticket discretionary purchases in 2025, according to research by global payment card services provider Mastercard.
Bunnings ramps up same-day delivery service
Hardware giant Bunnings is using Uber Direct to introduce same-day parcel delivery from selected regional stores across Australia just in time for Christmas and the holiday season.
The risky strategy behind Nike’s run-out sale
The sneaker giant’s new CEO is trying to clear out inventory, pressuring retailer partners.
Coke is it for Billson’s drinks
The Coca-Cola Company has bought the alcoholic ready-to-drink range from failed Victorian beverages producer Billson’s.
Festive fever: Shoppers embark on $70bn spending spree
Despite many economic reasons not to loosen the purse strings, Australian shoppers are forecast to spend $70bn in the run-up to Christmas.
Amazon’s popstar surprise for last-minute online Christmas shoppers
Amazon says most Australians will be able to shop online until Sunday and still receive their orders in time – and has recruited singer Guy Sebastian to surprise some lucky customers.
Losing one client can send us to the wall, say SMEs
A twice yearly survey of Australian small businesses has painted a disturbing picture in which almost 30 per cent say they are at risk of insolvency.
Woolies prioritises Christmas food after strike disruption
The three-week strike at Woolworths warehouses saw shelves go empty, now the retailer will focus on key Christmas food lines like cooking ingredients and snacks as it restocks shelves.
Lew a step closer to Myer dream
Myer’s billion-dollar deal to buy apparel brands from Solomon Lew’s Premier Investments has been deemed ‘fair and reasonable’ by an independent expert.
Leaked documents reveal rocky start to Solomon Lew’s British adventure
Premier Investments’ Peter Alexander sleepwear brand is trading 61.6 per cent below budget in the UK, and Solomon Lew’s other fashion brands in Australia are facing sliding sales growth and a wages blowout.
No let-up in challenges for retailers: Lew
Solomon Lew did not give a full trading update at Premier Investments’ AGM on Friday but did say that cost-of-living pressures remain a global issue as shoppers look for bargains.
Original URL: https://www.theaustralian.com.au/business/retail/page/5