Nine's new owners ready to get millions

Colin Kruger Nine Entertainment's lenders are expected to take ownership of the media group early next year, but they will not have to wait for a turnaround before cashing in.

Grocery store closures drive down Metcash shares

Colin Kruger Metcash shares fall after the wholesaler said price deflation led to an earnings downgrade.

Little Christmas cheer for retailers

Colin Kruger Consumer confidence is up and interest rates down since last year’s festive season - so why aren't shoppers spending more?

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Store closures weigh on Metcash outlook

Colin Kruger Metcash has downgraded its earnings guidance for the current financial year blaming loss of operating leverage due to price deflation and store closures.

Shareholders get jumpy, but JB Hi-Fi stands firm on whitegoods plan

Colin Kruger JB Hi-Fi chief executive Terry Smart was forced to reassure the market that all is well at the retailer after investors reacted badly to the news it was entering the whitegoods market in competition...

JB Hi-Fi plans move into whitegoods

Colin Kruger The carnage in the retail sector has created an opportunity for JB Hi-Fi which said it plans to bring its low-cost business model to the homewares market and offer whitegoods, cooking and small...

Harvey warns of more failures in store

Colin Kruger HARVEY Norman executive chairman Gerry Harvey says industry conditions remain dire and he expects more retailers will go bust next year after the Christmas sales are over.

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Tatts pays $427m to run SA lotteries

Colin Kruger Tatts has won the operating rights for South Australia's lottery and keno service for the next 40 years at a cost of $427 million, giving it an almost clean sweep of the lotteries business in...

Tough times for retail, but we'll survive: Harvey

Colin Kruger Gerry Harvey expects more retailers will go bust early next year, but is confident that Harvey Norman will be the ''last man standing".

Tatts stakes $427m on 40 years of SA gaming

Colin Kruger Gaming firm Tatts has secured the right to operate South Australia's lottery and Keno services for the next 40 years.

Wesfarmers considers $1 bet limits after GetUp! pokies campaign

Colin Kruger GetUp! confirmed it has dropped Wesfarmers from the anti-poker machine campaign.

Coles mulls $1 limit on pokies

Colin Kruger Coles is considering $1 bet limits on the poker machines it owns as the company explores options to distance itself from the pubs and gambling business.

Christmas wish for David Jones

Colin Kruger David Jones is expecting sales will remain flat over the important Christmas season.

Savage's biggest headaches at David Jones

Colin Kruger Stepping down as chairman of David Jones, Bob Savage opens up on some of the more controversial issues that dogged his near-decade long run in the job.

DJs braces for flat Christmas sales

Colin Kruger The troubled retailer’s sales woes worried shareholders at the AGM, as did poor customer service.

'Money over morality' criticism as Woolies rejects pokies limits

Colin Kruger Woolworths investors have overwhelmingly rejected a resolution that would have placed more restrictions on the company's 12,000 poker machines.

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Woolies bet turns up scattered aces

Colin Kruger James Strong would be glad to see its pokie business is yet to dent the company's image.

Woolies pokie gambit fails, but PR effort a winner

Colin Kruger Woolworths chairman James Strong would have seen the defeat this morning of the resolution to put further curbs on its 12,000 electronic gaming machines as a good indication that its poker machine...

DJs fails to win over market

Colin Kruger Fashion-conscious shoppers helped David Jones eke out its first quarter of sales growth in two years, but it did not impress the market.

DJs labels meltdown a 'good learning experience'

Colin Kruger David Jones stocks slid 6% after the department store's sales missed forecasts and it tried to downplay yesterday's website meltdown.