The supermarket giant’s food distribution network faces disruption in the lead-up to Christmas, as warehouse workers threaten to escalate industrial action in support of above-inflation pay rises as high as 36 per cent over three years.
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.
Beer taxes have spiralled out of control, according to Coopers boss Tim Cooper, who’s calling for an urgent freezing of the government excise.
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’.
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.
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.
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.
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.
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.
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.
Cost of living pressures have put a handbrake on growth as consumers rein in their spending on skincare, perfume and lipstick.
Shoppers at Coles are swapping Flybuys points for groceries as the popular rewards program is used by households to stretch budgets.
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.
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?
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.
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.
The nation’s largest retailer has surprised the market with a profit warning about slowing sales growth at its supermarkets as shoppers pull back.
The new boss talks about getting the balance right with customers but deeper trust issues are already hurting the supermarket major.
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.
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.
The billionaire will be calling the shots at Myer but what does the monster Just Jeans deal mean for the department store?
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.
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 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.
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’.
Sales for jeweller Michael Hill International have accelerated since July with the promising Christmas trading period still ahead, sending shares in the retailer higher.
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’.
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.
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)
Woolworths and Coles fooled customers into buying everyday groceries by using fake discounts spanning almost every aisle of the supermarket, new court documents reveal.
Original URL: https://www.theaustralian.com.au/business/retail/page/7