Living costs and tax burden crash cocktail hour: Diageo
Cash-strapped drinkers are reaching for more affordable drinks options to save money, while the excessive tax on alcohol is taking a toll, Diageo’s local boss Dan Hamilton says.
Retail
Plea to ease pint pain: Coopers boss calls for beer excise review
Beer taxes have spiralled out of control, according to Coopers boss Tim Cooper, who’s calling for an urgent freezing of the government excise.
High prices and shrinkflation top consumer supermarket concerns
The ACCC has begun public hearings for its inquiry into the supermarkets sector, although it won’t take evidence on the current court case on alleged ‘fake discounts’.
Breville to stock up in US over fears about Trump-China tariff war
Australian kitchen appliances maker Breville says it will build up its inventory in the US as a bulwark in case a trade war breaks out and will wind back production in China.
Westfields ring up record sales as malls come back into vogue
Scentre boss Elliott Rusanow says the focus is on attracting more people to its 42 Westfield properties and that shopping centres have re-emerged from difficult economic conditions.
$15bn share bonanza for Chemist Warehouse kings
Having met in 1980 in northern Melbourne, the trio have gone on to build an Australian retail powerhouse and their deal to merge Chemist warehouse with Sigma could result in a share bonanza.
New Domino’s boss Mark van Dyck has a full plate
The new boss of Domino’s Pizza has a number of challenges, including improving franchisee profitability and lifting struggling sales in its key Japan and Germany markets.
‘Another big thing to do’: Domino’s CEO reveals next role
Don Meij may be stepping down from the giant Domino’s franchise he took from suburban Brisbane to a $4bn global success story, but he’s not exiting the corporate world altogether.
Aussies looking for ‘value’ during Christmas shopping
The average Aussie is expected to spend $819 this Christmas on gifts and celebrations, with the rise of machine learning and AI to be a key source of gift recommendations for shoppers.
Estee Lauder warns on slowing Australian market
Cost of living pressures have put a handbrake on growth as consumers rein in their spending on skincare, perfume and lipstick.
Shoppers increasingly using Flybuys to cover groceries
Shoppers at Coles are swapping Flybuys points for groceries as the popular rewards program is used by households to stretch budgets.
‘Cross shopping’ a boon for indies
Metcash boss Doug Jones believes independent chains are winning from the rise of ‘cross shopping’ by budget-savvy consumers, who are visiting different retailers to fill their shopping baskets.
After AirTrunk high, what comes next for Macquarie?
An earnings miss; a watered-down outlook; and an effective dividend cut. It was a rare trifecta of negatives for the bank. Who’s game to bet against it?
‘Profit seems to be a dirty word’: Retail giants lash out
The nation’s two largest retailers have pushed back against official probes, with Wesfarmers chair Michael Chaney hitting out at the anti-profit rhetoric levelled against some of Australia’s biggest companies.
‘We had to justify price rises’: Bega
The chairman of one of Australia’s top food groups says he is surprised by the ACCC’s fake discount claims, telling investors Coles and Woolworths demand extensive evidence for price hikes.
Woolworths downgrade rattles retailers
The nation’s largest retailer has surprised the market with a profit warning about slowing sales growth at its supermarkets as shoppers pull back.
How is Woolies going to win back trust?
The new boss talks about getting the balance right with customers but deeper trust issues are already hurting the supermarket major.
Myer, Premier in retail asset swap
Myer has launched its ambitious growth plans by buying a portfolio of fashion brands from Solomon Lew and paving the way for the former Coles Myer chairman to return as a director.
Triumphant return to the board for spurned chairman
Solomon Lew was ejected from the old Coles Myer board more than 20 years ago and returns as a Myer director after seven years of hunting down the grand old department store.
Inside the plan for Myer as Lew reaches his retail end game
The billionaire will be calling the shots at Myer but what does the monster Just Jeans deal mean for the department store?
Original URL: https://www.theaustralian.com.au/business/retail/page/5