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Athlete star power drives 600pc rise in undies company’s share price

Step One, a bamboo underwear producer for “bigger blokes”, had a difficult start on the ASX, but a new women’s fitness range has reversed the slump.

  • Simon Evans
Cettire chief executive Dean Mintz earlier this year. He rarely makes public appearances or speak to media.

Dean Mintz splashes $15.8m on Cettire shares despite audit worries

The luxury fashion retailer’s founder had helped lift the company’s stock by about 50 per cent this week. The end of the spree sent it crashing on Wednesday.

  • Jonathan Shapiro and Carrie LaFrenz
Rachel Lake says more customers are choosing Australian sapphires or lab-grown diamonds amid cost of living pressures.

Real diamonds can’t cut it as cost crunch hits lovebirds

The cost of engagement rings can jump by hundreds of dollars in a week, says jeweller Rachel Lake, leading to greater interest in sapphires and lab-grown diamonds.

  • Gus McCubbing
Cettire’s reclusive founder, Dean Mintz.

E&P in $16m trade for Cettire’s Dean Mintz

The elusive founder has found himself a new broker, trading Barrenjoey for E&P Financial.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Coles Liquor chief executive Michael Courtney is seeking to make its Liquorland the key umbrella banner.

Vintage Cellars to disappear under Coles’ bottle shop rebrand

Coles is trialling an enlarged Liquorland footprint as its best chance of catching up to rival retailer Dan Murphy’s.

  • Carrie LaFrenz
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Myer executive chairwoman Olivia Wirth joined in March from Qantas, where she was head of loyalty.

Sass & Bide stores to close as new Myer chief clears the decks

Olivia Wirth has moved quickly to axe the storied fashion chain’s standalone retail outlets ahead of a proposed merger with Premier Investments brands.

  • Carrie LaFrenz
Woolworths and Coles are in a tight race for shoppers. The smaller of the two has had a better 12 months.

These three charts show how Coles is outperforming Woolworths

The country’s second-largest supermarket chain is doing better than its bigger rival – from more stock on shelves to lower theft and better value. Here’s why.

  • Carrie LaFrenz
The flagship Dan Murphy’s liquor superstore chain has added 1.1 million new members to its loyalty program in the past year.

Endeavour’s property gambit needs capital and patience

Endeavour Group needs time to deliver its plans to redevelop excess land in its pubs and retail freeholdings. But how much longer will it get?

  • Jemima Whyte

August

Gerry Harvey says there is a three-speed economy – and even the well off are not spending on whitegoods.

A trip to Europe tops a new fridge, says Harvey Norman chairman

Gerry Harvey says households without a mortgage would rather travel than upgrade kitchen appliances, with the retailer reporting a 35 per cent drop in profit.

  • Simon Evans
Maggie Beer in her kitchen in South Australia’s Barossa Valley.

Maggie Beer Holdings caps disastrous year as it slumps to $28m loss

The gourmet food producer has lost its chief executive and chief financial officer in the past month, and has written down the value of several divisions.

  • Simon Evans
Australia Post and Consumer Protection have stopped almost $19,000 in fraudulent payments via mail.

Post offices could be your new cash machine

Australia Post is negotiating with the big four banks to roll out smart ATMs and expanded banking services after an $88.5 million loss.

  • Patrick Durkin and James Eyers
Qantas chief executive Vanessa Hudson.

Business CEOs push back on political grandstanding

Big business makes mistakes as well as money, but chief executives like CBA’s Matt Comyn and Wesfarmers’ Rob Scott are pushing back against “fact-free” accusations.

  • Jennifer Hewett
Rob Scott’s portfolio of businesses at Wesfarmers is constantly evolving. The spotlight is on its digital, health and lithium moves.

Australia’s twin housing crises could hurt Bunnings

Bunnings sales are slowing as building activity stalls. That’s a problem for Wesfarmers, which is priced liked a tech growth stock.

  • James Thomson
Wesfarmers managing director Rob Scott calls the performance of Kmart a “standout”, with youth fashion, beauty and health all resonating with consumers.

Kmart sparkle sends Wesfarmers’ profits and dividends higher

While the conglomerate’s retail brands including Bunnings and Officeworks posted increased earnings, the mining and energy businesses went backwards.

  • Updated
  • Carrie LaFrenz
Cettire was valued at almost $2 billion earlier this year. Its current market capitalisation is less than $450 million.

Cettire auditor fails to sign off on accounts, begins ‘nuanced’ review

The luxury online retailer was a market darling. But its market capitalisation has been slashed amid weaker sales and questions about its business model.

  • Jonathan Shapiro and Carrie LaFrenz
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The Inspired Unemployed’s Jack Steele and Matt Ford have a major stake in Better Beer. Mighty Craft owns 33 per cent.

Only 1¢ in the dollar for creditors in Mighty Craft wipeout

Administrators say creditors may get between 0.5¢ and 0.9¢ in the dollar under a deal that preserves the collapsed beer and spirits group’s stake in zero carb brand Better Beer.

  • Simon Evans
Brad Banducci has made sweeping changes during his long stint as Woolworths chief executive. And he will celebrate his final weeks at the retail giant where it all began – on the shop floor, packing shelves, manning the checkout and mopping floors.

Banducci’s last Woolies profit is his worst misstep and finest moment

CEO Brad Banducci leaves the retail giant in a difficult spot. But the strategic decisions he’s made can drive the group’s turnaround.

  • Updated
  • James Thomson
Brad Banducci has run Woolworths for eight years. He presented his last financial update on Wednesday.

Woolworths loses ground to Coles after tumultuous year

The major retailer recorded a slight fall in underlying profit, which were all but wiped out by a big write-down in its New Zealand business.

  • Updated
  • Carrie LaFrenz
Down pillows and doonas are set for price increases because of a shortage of feathers.

Bird flu ruffles feather prices in bad news for decorators

Chief executive of Adairs says the virus outbreaks and soaring popularity of puffer jackets are leading to sharp inflation, as he reported a profit slump.

  • Simon Evans
Brett Blundy.

Billionaire Blundy offloads big Accent stake to British retailer

Brett Blundy has sold his shareholding in ASX-listed Accent, which is behind the Hype DC and Platypus chains, to London’s Frasers Group.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

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