Piper-Heidsieck pops cork on champagne renaissance
Its first brand ambassador was Marie Antoinette, the last Queen of France, and a new sponsorship deal with the Australian Open tennis will lift champagne brand Piper-Heidsieck’s visibility.
Retail
Winemakers sitting on a 200 million litre glut
Australian wineries have an estimated 200 million litre glut of wine in their inventory despite slowing production in the aftermath of a three-year trade stand-off with China.
Bumper Black Friday sales revealed
The 2024 Black Friday sales could be the biggest ever, early data from the big four banks and major retailers suggests.
‘Absurd’ to argue over 250 products in supermarkets fake discounts trial
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.
500 jobs gone as iconic fashion retailer shuts down
Receivers overseeing the embattled Mosaic Brands retail group will close 160 stores and kill off the once popular Katies chain within weeks.
Strike leaves Endeavour with costly $25m hangover
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.
Solomon Lew a silent spectator at Myer AGM
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.
Challenge for Coles to capitalise on $140m Woolies wipeout
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.
Patience required as Woolies restocks shelves
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.
Financial stress on rise as high costs continue
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.
Super Retail back in court over sacked legal officer
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.
How retail surge, ‘Wong factor’ complicate RBA rate decision
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.
Suppliers threaten to bypass Woolworths strikers
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.
Ex-Woolies boss gives both barrels to ‘irresponsible’ union, Labor
Roger Corbett has blasted the UWU for inflicting maximum damage on the community and the federal government for allowing it with new IR rules.
Rate cuts to fire starter’s gun on 2025 retail rebound
Deloitte says recent strong retail trade and improving sconsumer sentiment should unleash a substantial rise in household spending in the new year.
Wesfarmers’ plan to take Anko to the world stage
A generational shift is well under way at Rob Scott’s retailing conglomerate, Wesfarmers, and this opens opportunities for the breakout Anko brand.
Wesfarmers veteran to build up Anko’s global credentials
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.
Strikes threaten economy, inflationary bubble, warns retail boss
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.
Investa flags living shift as city projects roll out
The top office funds manager is shifting deeper into new kinds of housing as more institutions chase exposure.
DJs launches shopping app as part of $250m investment
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.
Coles, Woolworths deny ‘fake discounts’
The supermarket giants have defended allegations they promoted false discounts, saying they were legitimate and blaming suppliers for asking for price increases.
KFC owner targets value to entice shoppers
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.
Strikes, empty shelves wipe $50m in sales from Woolworths
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.
Bare shelves remain as Woolies dispute rolls on
Woolworths’ customers are facing increasingly empty shelves as national business groups accuse the union of taking the ‘nuclear option’.
IGA owner vows ‘honest value’
Metcash boss Doug Jones says shoppers are continuing to include independent supermarkets in their ‘repertoire’ as IGA holds its market share.
Nation goes shopping in Black Friday frenzy
The Black Friday sales are tipped to trigger a $6.7bn spending spree by consumers, but not all retailers are happy, with some sitting out the shopping blitz.
Australia ‘faces a black hole of debt’
Businessman Gerry Harvey warns Australia is headed for a ‘black hole’ of debt as vote-seeking politicians splash the cash, stoking inflation and keeping interest rates high.
Coles teams up with Microsoft to take shopping to the next level
Coles has signed a five-year deal with Microsoft to change the way Australians shop and bolster sales at the supermarket chain, thanks to artificial intelligence.
Woolworths buys tech assets from failed US company
The arms race between retailers is so heated Woolworths has taken the unusual step of buying online shopping assets and IP from a failed grocery play.
Arnott’s in multimillion-dollar health kick
Arnott’s is doubling down on its move into the high-growth gluten free segment with a multimillion-dollar upgrade of its manufacturing hub in Adelaide.
Original URL: https://www.theaustralian.com.au/business/retail/page/6