Eli Greenblat

Eli Greenblat

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


Woolworths in Visa alliance to offer more financial services

GENNERIC- Woolworths

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...


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 -...

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...


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.


Suppliers squeezed by retailers, rising costs: report

The Woolworths Ltd. logo is displayed on a reusable shopping bag at a self-service checkout counter at one of the company's supermarkets in Perth, Australia, on Wednesday, Aug. 22, 2012. Woolworths, Australia's largest retailer, is scheduled to announce full-year earnings on Aug. 24. Photographer: Sergio Dionisio/Bloomberg

Eli Greenblat The nation’s $111 billion food and grocery sector is being pincered between rising manufacturing costs and the unstoppable dominance of the biggest retailers to erode the financial health of...


'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.

Revealed: Lew's trail to DJs

Eli Greenblat It might have been the release of David Jones' best same-store quarterly sales growth in four years that triggered billionaire Solomon Lew's decision to begin scooping up shares in the upmarket...


Rosemount Estate launches double play


Eli Greenblat Global marketing director for Rosemount Estate is keen for the wine brand to climb up the price curve in keeping with the market shifting towards 'premium' products.


Revealed: Solomon Lew's paper trail to David Jones

solomon lew

Eli Greenblat It might have been the release of David Jones' best same-store quarterly sales growth in four years that triggered billionaire Solomon Lew's decision to begin scooping up shares in the upmarket...


Solomon Lew allies urge reworking of DJs takeovers

David Jones

Eli Greenblat Retail billionaire Solomon Lew continued his stalking of takeover prey David Jones as more than 6 million shares in the upmarket department store changed hands on Monday and Mr Lew's provocative...


Funtastic slashes profit outlook as chief executive Stewart Downs departs

The Chill Factor toy made by Funtastic

Eli Greenblat Toy wholesaler Funtastic has once again slapped its investors with a profit downgrade, which this time has seen its chief executive resign.


Deutsche Bank builds holding in David Jones

David Jones store logo.

Eli Greenblat South African retailer Woolworths' takeover bid for David Jones could be losing its footing after Deutsche Bank seized 7 per cent of the department store.