Taylors ready to sate China thirst for its top-shelf wines
One of Australia’s largest family-owned wine groups has ambitious expectations for its return to China and anticipates strong demand for its most expensive products.
Retail
More Lew executives jump ship as Myer mulls deal
A group of key executives from Solomon Lew’s Just Group retail division have resigned, adding to a growing list of management departures, just as Myer is mulling buying the unit.
Hungry Jack’s boss laments slow, costly construction regime
Hungry Jack’s boss Jack Cowin blames the slow, expensive construction regime for the failure of rivals, but he says his chain is robust and healthy – and will push ahead with expansion.
Billionaire Blundy welcomes ‘talented’ sacked Smiggle CEO
Solomon Lew sacked Smiggle boss John Cheston for ‘serious misconduct’ at work, but fellow billionaire Brett Blundy has welcomed the executive to run his Lovisa chain, calling him ‘talented’ and possessing a ‘wealth of retail experience’.
Jeweller Michael Hill shares rally on sparkling trading update
Sales for jeweller Michael Hill International have accelerated since July with the promising Christmas trading period still ahead, sending shares in the retailer higher.
Woolies, Coles hit back at ACCC over ‘discounts’
Coles and Woolies have defended accusations of fake discounts by saying almost all were price hike requests from food and grocery suppliers hit by a ‘sudden outbreak of inflation’.
Why Bank of America’s boss thinks the inflation fight has been won
Bryan Moynihan says in an interview says the US economy can absorb two more modest interest rate cuts this year, but has a warning about debt.
Bacardi boss sees a Tequila sunrise in Australia
Contrary to what some might believe, tequila can be a sophisticated drink – and Bacardi believes it can sell the misunderstood Mexican spirit to Australians.
![Digital mock-up of Woolworths CEO Amanda Bardwell (left), ACCC chair Gina Cass-Gottlieb and Coles CEO Leah Weckert [4x3]](https://content.api.news/v3/images/bin/8ac334fba026a92be3e6e8e17730c41b?width=650)
Woolies, Coles ‘fake’ discounts spread across the entire supermarket
Woolworths and Coles fooled customers into buying everyday groceries by using fake discounts spanning almost every aisle of the supermarket, new court documents reveal.
Nick Scali issues profit warning on higher freight costs
An unexpected spike in freight costs has punctured furniture chain Nick Scali’s typically robust and market-leading profit margins to see the retailer issue a profit warning at its AGM.
Harvey Norman breached law over ‘interest-free’ promotions
The retail giant will face a penalty hearing next year after ASIC successfully claimed customers were misled over the promotion of interest-free payment methods for its products.
Chinese drinkers welcome back Penfolds with open arms
Australia’s luxury wine brand Penfolds has ‘real energy’ after re-entering the Chinese market following the end of crippling tariffs, Treasury Wine Estates boss Tim Ford says.
Centuria buys NSW central coast mall in $34.85m deal
Property funds group Centuria Capital has bought the Manning Mall from an unlisted Elanor Investors Group-run fund at a steep discount compared with the last time it changed hands.
Country Road triggers restructure, job cuts as sales dive
Country Road Group, caught in a workplace sexual harassment scandal this year, has made sweeping changes by restructuring senior positions, announcing redundancies and creating new roles.
Cosgrove buys shopping hub as property legacy shines
The developer grandson of late tycoon Alan Bond shows he has an eye for a commercial property bargain by adding a Newcastle shopping centre to his fund house’s portfolio.
Myer CEO poaches Qantas executives amid reshuffle
Olivia Wirth has put her mark on the department store with the biggest executive shake-up in years with the appointment of two Qantas executives, many veterans departures and the creation of new roles.
ASIC investigates Super Retail over whistleblower case
The corporate regulator is investigating the owner of retail chains Supercheap Auto, Rebel and BCF over its courtroom battle with two former executives turned whistleblowers.
Businesses’ late bill payments at their worst since Covid
Late payments by businesses are at their highest level since the depths of Covid-19, and it’s the hospitality and construction sectors faring worst.
Coles rings changes to improve stock availability
A restructure at Coles pushed through by CEO Leah Weckert aims to address one of the biggest grievances among shoppers and improve stock levels and availability in the store.
Even wealthier shoppers feeling pinch
Woolworths and Coles have told the Senate select committee on the cost of living that Australian households are struggling and have been forced to change their shopping behaviour.
Original URL: https://www.theaustralian.com.au/business/retail/page/6