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.
Retail
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.
Healthscope overplays its hand in act of self-destruction
Australians are sick of having their health being used as a bargaining chip as hospitals and insurers face losing it all.
Legalese battle for Coles as execs clash over farmer deals
The difference between a ‘commitment’ to buy fresh produce from farmers and a ‘legally binding’ deal was a source of fireworks at the final day of the ACCC public hearing into supermarkets.
Coles boss denies private label used to undercut suppliers
Coles CEO Leah Weckert has told the ACCC inquiry into supermarkets that private label isn’t being used to undercut suppliers of branded groceries or weaken their bargaining power.
Accent shares dive on slowing sales
The footwear retailer released a trading update at its annual general meeting that showed a marked slowdown in sales growth and weaker margins.
Di Pilla data centre fund’s ‘upsized’ IPO poised to grow
After a string of big acquisitions and amid significant investor demand, David Di Pilla’s new REIT will list with an IPO of $2.75bn and global ambitions.
Freight company collapse threatens Nick Scali profit
The furniture retailer is facing significant delivery delays after being forced to go to Federal Court to secure shipping containers.
Rising costs, belt tightening drives surge in cafe failures
Business failures in the hospitality sector have almost doubled over the past year and are tipped to climb further as costs mount, tax debts grow and consumers tighten their belts.
Woolworths’ supplier rebates under scrutiny
Questions have been raised about the impact of supplier rebates on Woolworths’ profit and executive bonuses at the second ACCC hearing into supermarkets that also included a notable surprise.
Sales down at Kathmandu, Rip Curl owner
KMD Brands, the owner of Kathmandu, Rip Curl and Oboz, is pinning its hopes on a bounce in sales from the crucial Black Friday and Christmas trading period as sales for all its brands continue to dive. Shares hit record low.
Bunnings defends facial recognition cameras after privacy breach
The retail giant has been found to have invaded the privacy of hundreds of thousands of customers, technology it says was only used to protect its team and other customers from ‘violent behaviour’ | WATCH THE VIDEO
Woolworths denies ‘land banking’ sites
Woolworths boss Amanda Bardwell has been asked about internal documents showing the retailer’s strategy around buying and holding land.
$50m a year up in smoke from illicit ciggy sales: Ritchies boss
The proliferation of the illegal tobacco trade and the dominant power of Woolworths and Coles are weighing on Fred Harrison’s independent supermarket chain, Ritchies.
Drakes boss lashes regulators over Coles and Woolies’ market power
Australia’s largest independent grocer says preventing further expansion of Coles and Woolies is the only way to rein in their excessive market power.
Guzman y Gomez and Gen Y a fast-food winning recipe
Gen Z and Gen Y are rushing to Guzman Y Gomez stores for its cheap but healthy Mexican food to take the fight to fast-food giants like McDonald’s and KFC.
Metcash no handbrake on competition, says food boss
Wholesaler Metcash has told an ACCC public hearing into supermarkets that the independent chains it supplies are a vital ingredient for competition and choice in the sector.
Billionaire lashes out at Endeavour Group as pub civil war reignites
Bruce Mathieson says the pubs and bottle shop empire’s management is taking too long to arrest declining sales and the CEO was ‘not good enough and should never have been there’.
Original URL: https://www.theaustralian.com.au/business/retail/page/6