Eli Greenblat

Eli Greenblat

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

Retail icons rated in a bankable kick-along

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


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


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


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


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

Wines get shake-up


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

Coles soars, Target drifts


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


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.

Super worries over Rebel

rebel sport

Eli Greenblat Analysts concerned about Super Retail Group and the newly acquired Rebel Sport.

Super Retail in $610m punt on sport

Rebel Sport

Eli Greenblat THE Super Retail Group will emerge as a new powerful force in Australia's discretionary retail sector after shelling out $610 million in the midst of the worst trading conditions in decades to...

Retailers spend up to meet customers online


Eli Greenblat Australia's love affair with online shopping is heating up, with a report forecasting consumer expenditure online to reach $37.7 billion by 2013 - up more than $7 billion on the 2010 figure.

Spending via the internet to surpass $37b by 2013

Eli Greenblat THE love affair with online shopping is heating up - a report forecasts expenditure will reach $37.7 billion by 2013, a rise of more than $7 billion on the turnover in 2010.

Super Group on rise with rousing $610m deal for Rebel

Rebel Sport

Eli Greenblat Super Retail Group will emerge as a powerful new force in Australia's discretionary retail sector.

No end in sight as Kmart sales stay in the doldrums


Eli Greenblat KMART boss Guy Russo is the latest chief executive in the discretionary retail sector to attest to weak trading conditions, with no end in sight to the downturn in turnover at suburban shops,...

JB Hi-Fi growth dips into the red


Eli Greenblat THE one-time darling of the retail sector, JB Hi-Fi, has now joined the rest of the industry in pinning its hopes on a bumper Christmas after trading growth again went backwards in the first quarter.