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World markets
Tech, consumer stocks drag ASX lower amid Middle East tensions
The Australian sharemarket closed the day lower, with energy stocks – boosted by a jump in oil prices overnight – unable to keep it in the green.
- by Jessica Yun
Latest
‘Nestle of Australia’: SPC goes for gold with three-way merger
The 107-year-old Australian fruit processing company is realising its global ambitions through a backdoor listing and joining forces with a juice and a powdered milk company.
- by Jessica Yun
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Retail
‘Very distressing’: Mosaic escalates dispute with supplier as staff, stores axed
Embattled budget retailer Mosaic Brands, which operates Katies and Noni B, announced it would be shutting down the Rockmans, Autograph, Crossroads, W.Lane and BeMe brands.
- by Jessica Yun and Anne Hyland
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World markets
ASX retreats, Wall Street rebounds after Powell speech
The Australian sharemarket closed lower on Tuesday, weighed by the miners, despite Wall Street closing hitting record highs on Monday.
- by Jessica Yun
Updated
Retail
Can Nike do it? Shoe giant’s Australian profits dip as it fights to reclaim relevance
The global sneaker brand’s local sales fell in the 2024 financial year, with its headquarters recently installing a new CEO to reinvigorate the business.
- by Jessica Yun
Supermarket CEOs to face second grilling as grocery prices rise 20% in 5 years
Woolworths, Coles, Aldi and Metcash chief executives will be summoned to front ACCC inquiry hearings due to begin in November.
- by Jessica Yun
‘Why don’t you pay me?’ Katies, Noni B operator accused of being a ‘predator’
Mosaic Brands, which employs 4000 staff in its stores such as Katies, Rockmans and Noni B, is struggling. To secure its own survival, it appears willing to sacrifice its global suppliers.
- by Anne Hyland and Jessica Yun
Solly Lew delays Smiggle, Peter Alexander spin-off amid Myer talks
The billionaire rag-trader has his hands full amid a potential acquisition by Myer of five of its brands and a stoush with Smiggle’s ex-boss.
- by Jessica Yun
Is Australian-made good enough? You might want to check the fine print
Makers of Aussie brands Weet-Bix, SPC, Mayver’s peanut butter and Norco milk are urging shoppers to check whether something is Australian-owned, not just Australian-made.
- by Jessica Yun
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Supermarkets
‘Price down’ supermarket specials pushed up inflation: PM
The ACCC is suing the supermarket giants, alleging their “Prices Dropped” and “Down Down” discounts weren’t really what they seemed.
- by Jessica Yun, Millie Muroi and Shane Wright
‘Shocking statistic’: Only 10 per cent of liquidators are women. They’re getting impatient
Insolvency was known for an aggressive approach of “kicking down doors, banging tables”. That’s changed, and now there’s a push to boost women’s role in the sector.
- by Jessica Yun
Original URL: https://www.watoday.com.au/by/jessica-yun-p535wz