Eli Greenblat

Eli Greenblat

Eli Greenblat is a business reporter covering the retail and beverage sectors.


JB Hi-Fi may avoid profit downgrade

Eli Greenblat Electronics and home entertainment retailer JB Hi-Fi has declared itself as the latest victim of the slowdown in consumer spending.


David Jones board delays takeover vote, giving Solomon Lew more time to buy

David Jones.

Eli Greenblat Woolworths Holdings' $2.2 billion takeover of David Jones may be slowly slipping through its fingers.


Lew throws down gauntlet


Eli Greenblat Woolworths Holdings' hopes of grabbing David Jones without a costly fight disintegrated on Wednesday after Solomon Lew tightened his grip on the upmarket department store by unveiling a 10 per cent...

Myer executive Adam Stapleton quits as new talent hired

Eli Greenblat Myer chief Bernie Brookes has described as ''collateral damage'' the loss of his merchandise head, Adam Stapleton, after the department store hired three new senior executives to shake up its...

Myer executive Adam Stapleton quits as new talent hired

Eli Greenblat Myer chief Bernie Brookes has described as ''collateral damage'' the loss of his merchandise head, Adam Stapleton, after the department store hired three new senior executives to shake up its...


Myer executive shakeup ahead of David Jones battle

Bernie Brookes.

Eli Greenblat Myer boss Bernie Brookes has reshaped his senior team as he prepares to lock horns with a David Jones revitalised under new ownership.

David Jones

David Jones war heats up as Solomon Lew emerges from the shadows to grab more shares

David Jones.

Eli Greenblat Retail billionaire Solomon Lew has boosted his stake in department store David Jones to just under 10 per cent, signalling a clear intention to scuttle the $2.


Woolworths in Visa alliance to offer more financial services

Eli Greenblat Woolworths has jumped on the supermarket bandwagon of showering its shoppers with a suite of financial services revolving around credit cards, announcing Visa as a new partner for its Woolworths...

Solomon Lew tipped as sharemarket raider on DJs

David Jones.

Eli Greenblat The nation's oldest and most venerable department store, David Jones, on Monday took the form of a hotel piece passed around a Monopoly board as one of the country's richest men grapples with one of...

Call to end hiding behind complex derivatives

solomon lew

Eli Greenblat Corporate governance experts have called for enhanced disclosure obligations to unveil investors who use complex derivatives to hide their presence on a company's share register as a mystery buyer -...


David Jones takeover: Solomon Lew can't stop roadshow

david jones

Eli Greenblat Woolworths Holdings chief Ian Moir has told fund managers and analysts he can't explain Solomon Lew's rationale for seizing a stake in David Jones.


Household spending cuts estimated at $10 billion

A shopper in a supermarket

Eli Greenblat A trickle of profit warnings from retailers could be prevented from turning into an avalanche.

Keep banking sector open to new players, Deloitte report urges

Burning Coles (Thumbnail)

Eli Greenblat An internal Deloitte report on the financial services sector commissioned by supermarket chain Coles has warned against rising market concentration since the GFC, arguing the surest way to promote...


Coles gets serious about empire building


Eli Greenblat and Eric Johnston Coles has pulled together a crack team to develop its financial services arm.


Retailers say federal budget has given buyers the blues


Eli Greenblat A balmy winter across the eastern capitals and a tough federal budget are playing havoc with retailers, leaving them stuck with unwanted winter stock and shoppers missing from the stores.


'Definitely, it's the budget': Pacific Brands blames consumer confidence slump, weather for profit downgrade

Pacific Brands new CEO John Pollaers.

Eli Greenblat Pacific Brands boss John Pollaers has blamed a ''perfect storm'' of warm weather and a sharp federal budget-driven collapse in consumer spending for a shock profit downgrade.


Whiskey maker Brown-Forman says Australian taxes are choking its sales

Eli Greenblat Brown-Forman, maker of US whiskey Jack Daniel's, has blasted the high rate of excise taxes in Australia, arguing that the system of twice-yearly tax rises has strangled growth and is putting its...


ACCC outlines case against Coles for pressure tactics

Coles Truck.

Eli Greenblat The competition regulator has accused Coles of engaging in unconscionable conduct towards suppliers.


Costs of doing business all over the shop

Generic photo of people shopping

Eli Greenblat The nation's $70 billion retail sector is facing wages growth that is outpacing the rise in prices.


Zara's sales slow and costs rise along with Australian expansion

Spanish controlled fashion retailer, Zara.

Eli Greenblat Australia's love affair with Spanish fast-fashion chain Zara appears to be moderating, with the retailer's latest financial results show slowing sales momentum and rising costs.