This Month
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
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
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
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
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
- Exclusive
- Retail
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
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
- Analysis
- Land banking
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
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 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
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
- Opinion
- Retail
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
- Opinion
- Chanticleer
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
- Updated
- Earnings season
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 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
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
- Opinion
- Chanticleer
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
- Updated
- Earnings season
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
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
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