Eli Greenblat

Eli Greenblat

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

Rate cut a retail confidence booster

RBA keeps interest rates steady (Thumbnail)

Clancy Yeates, Eli Greenblat BUSINESS leaders in the economy's slow lane have applauded the first interest rate cut in more than two years, saying it could give a lift to industries missing out on the spoils of the mining boom.

Retail policy failure 'threat to jobs'

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Eli Greenblat A lack of policy reforms could lead to the loss of up to 130,000 jobs in the manufacturing sector.

Retail likes rate cut

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Clancy Yeates and Eli Greenblat Business leaders in the slow lane have applauded the Reserve Bank's interest rate cut.

Woolworths to double house-brand sales

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Eli Greenblat Woolworths will unveil an ambitious plan to double the sale of private-label products.

Woolies revs up home brands

Woolworths

Eli Greenblat THE head of Woolworths, Grant O'Brien, will unveil an ambitious plan tomorrow to double the group's sale of private-label products, bringing it closer to supermarkets in Britain and the US, where the...

Myer, DJs and JB Hi-Fi to win from retail fillip

Eli Greenblat THE department store owners Myer and David Jones, and category killer JB Hi-Fi, will benefit the most from a rise in retail sales and consumer confidence from an interest rate cut, UBS says.

Rate cut would be another reason to celebrate Christmas

Eli Greenblat A CUT in official interest rates by the Reserve Bank tomorrow will make Melbourne Cup day all that more exciting for Australia's biggest retailers, but before they reach for the champagne they will...

Retail icons rated in a bankable kick-along

Department stores are banking on sales.

Eli Greenblat Department stores will benefit the most from an increase in consumer confidence triggered by an interest rate cut, according to UBS.

Confidence trick behind rates cut

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Eli Greenblat A cut in official interest rates by the Reserve Bank tomorrow will make Melbourne Cup day all that more exciting for Australia's biggest retailers.

Woolies to work on packaged food sales

Woolworths

Eli Greenblat New Woolworths boss Grant O'Brien will revamp the flagship supermarket operation to arrest lacklustre growth in the key dried and packaged groceries segment, after yesterday reporting disappointing...

API sees growth on horizon after tumbling into the red

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Eli Greenblat THE owner of Priceline, Australian Pharmaceutical Industries (API), remains confident it will generate positive like-for-like sales growth from the health and beauty chain this year, after a horrific...

Wine orders continue to flow through

Eli Greenblat THE chief executive of Treasury Wine Estates, David Dearie, said drinkers in its key North American and European markets remained ''subdued'' in the current global economic climate but that wine...

Investors vent fury at takeover and Pollaers' pay

Eli Greenblat FOSTER'S shareholders showed no jubilation about the company's $12 billion takeover by global brewer SABMiller yesterday, choosing instead to flay directors for selling out while almost scuttling $5.

Bottled-up anger comes to a head at Foster's meeting

Foster's shareholders showed no signs of jubilation yesterday.

Eli Greenblat Foster's shareholders flay directors for selling out to foreign owners SABMiller.

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Foster's shareholder anger at CEO incentives

Fosters

Eli Greenblat Foster’s shareholders have voted strongly against the awarding of long-term incentive shares to the CEO.

Wines get shake-up

dearie

Eli Greenblat Treasury Wine Estates, the spun-off wine arm of Foster's, pushes ahead with restructure.

Coles soars, Target drifts

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Eli Greenblat Shoppers reward Wesfarmers for its resuscitation of the Coles brand, with an 8 per cent sales increase.

Masters makes first inroads on Bunnings' territory

Masters

Eli Greenblat THE Wesfarmers chief executive, Richard Goyder, has revealed that two Bunnings hardware outlets recorded an immediate drop in sales when Woolworths opened its maiden Masters big-box hardware store...

Coles rings up 8% sales rise

Eli Greenblat SHOPPERS have rewarded Wesfarmers for its resuscitation of the Coles brand, as the supermarket chain notched up its 13th consecutive quarter of growth.

Masters takes a bite out of Bunnings

Masters Hardware will be unsuccessful, one analyst says.

Eli Greenblat Wesfarmers CEO Richard Goyder reveals two Bunnings hardware outlets recorded an immediate drop in sales when Woolworths opened a Masters outlet nearby.