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Business

Retail

Retail

Pie Face stores start to close in Victoria, NSW

Madeleine Heffernan and Simon Johanson A week after the fast-food chain's collapse, administrators start closing stores in Victoria and NSW.

Retail

How Pie Face cooked its own goose

MERC, BUSINESS, PIE FACE
Pic taken 28th April 2014 of LtoR, Danny Oliveira, Sandra Mauriello and Joe Mauriello in the new Pie Face franchise in Figtree. Contact number for Joe is 0414 961 148.
Pic Robert Peet

MADELEINE HEFFERNAN From overseas expansion to out of luck: how a high-flying Australian pie business fell to earth.

Retail

Woolworths backs full-year profit growth guidance

Impact discounted: Woolworths says it doesn't expect discount grocery chains to have the same impact here as they have had in the UK.

Sue Mitchell Woolworths has reversed a near three-week share-price slide by reassuring shareholders it would hit its profit-growth targets this year and countering fears the Australian grocery market faces a margin-crunching price war.

Retail

First came food trucks, now fashion trucks are on the rise

Food trucks have spread around the world. Are mobile boutiques next?

Tamara Best Mobile businesses have been on the rise in the US and elsewhere as aspiring entrepreneurs sought ways to run businesses for less money in a jittery economy.

Woolworths faces showdown over drop in share price

Woolworths

Sue Mitchell Woolworths directors are steeling themselves for a fiery annual meeting on Thursday when shareholders are expected to grill the retailer over a 14 per cent fall in its shares, mounting losses at Masters and slowing sales growth in food and liquor.

R.M. Williams confirms departure of CEO Hamish Turner

boots

MADELEINE HEFFERNAN Hamish Turner calls time at the Australian bootwear and clothing company after 14 years, to be replaced by the managing director of Levi Strauss & Co.

Retail

More Pie Face stores to close, vast majority are unprofitable: franchisee

Pie Face opened its first US outlet in 2011.

MADELEINE HEFFERNAN Former franchisees of Pie Face are calling on the competition regulator to revive its probe into the collapsed fast-food chain, amid claims more stores are set to close and a vast majority are unprofitable.

From diamonds to dog food: Costco eyes Perth

US wholesale giant Costco is eyeing Perth.

LEANNE NICHOLSON American wholesale warehouse giant Costco has confirmed it is the next multinational setting its sights on Perth to take advantage of the growing West Australian membership base travelling across the country to shop at the super stores.

Aldi says no 'immediate' NZ plans after Australasia appointment

Aldi Australasia CEO Tom Daunt

MADELEINE HEFFERNAN German discount retailer Aldi has dismissed speculation it would expand to New Zealand.

Raising

Gerry Harvey underwrites $120m offer for dividends

Gerry Harvey owns close to 30 per cent of Harvey Norman.

MADELEINE HEFFERNAN The money raised by the furniture and whitegoods retailer will pay for a special dividend.

Retail

Harvey Norman to raise $120.7m

Retailer Harvey Norman is tapping investors for $120.7 million in a capital raising.

Pizza chief Don Meij says Domino's far from peak

 Don Meij

MADELEINE HEFFERNAN One-time pizza delivery driver turned chief executive capitalises on skyrocketing share price by selling $2.2 million worth of shares.

Food

Pie Face goes into administration

Pie Face opened its first US outlet in 2011.

Sue Mitchell Pie Face, one of the first Australian fast-food chains to expand overseas, has gone into voluntary administration, leaving dozens of high-profile, wealthy investors and scores of franchisees pondering the company's future.

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Retail

Tech tops Santa's list as Aussies tipped to spend $30b this Christmas

Game consoles like the Xbox One are tipped to be big sellers at Christmas.

Retailers are rubbing their hands with glee as Christmas approaches, with Australians expected to blow more than $30 billion this festive season.

Woolworths' Project Oxygen leaves supermarkets gasping

Masters' battle with Bunnings has put pressure on the rest of the Woolworths group.

ADELE FERGUSON With its hardware business Masters struggling, Woolworths has got some serious soul-searching to do.

Businesses looking up as Christmas counts down

Super Toyworld director Geoffrey Morton at the store in Fyshwick.

EMMA KELLY Stores throughout Canberra are expecting solid sales during the next month as shoppers start ticking off Christmas-list items, despite dampened consumer confidence.

Supermarkets' private label push hits local suppliers hard

Supermarket shoppers' range of private label choices are costing local suppliers dearly.

Mark Hawthorne, Senior Editor The growth of private label products on the supermarket shelves is affecting suppliers, who are suffering as Coles and Woolworths push into new markets.

Cigarettes and junk food dominate supermarket sales growth

Spike: Shoppers spent $8.5 billion on cigarettes and rolling tobacco with major supermarkets in the 12 months to June.

Mark Hawthorne, Senior Editor Australians are spending 10 per cent of the nation's annual grocery bill on tobacco products, and one in every five dollars spent at supermarkets goes on cigarettes or junk food, according to confidential industry data.

Retail

Christmas spirit buoy retailers' outlooks

Big retailers are looking forward to good Christmas sales.

Lucy Cormack and Yolanda Redrup Retailers are preparing for the busiest time of year, the Christmas trading period, and if the string of recent annual general meetings is anything to go by, most have been emboldened by the Christmas cheer.

Outdoor

Kathmandu shares slump on profit warning

Christmas sales will be crucial for outdoor retailer Kathmandu.

Shares in retailer Kathmandu have slumped more than five per cent after it warned half year profit would fall despite strong sales growth.

Clothing

Progress but no overnight fixes, says Billabong

Billabong

Yolanda Redrup Billabong executives have warned shareholders not to expect radical improvements overnight, but said they were confident the brand had entered a turnaround phase.

Retail

Myer has 'clear sense of urgency' on turnaround

MADELEINE HEFFERNAN Myer chairman Paul McClintock has expressed surprise and disappointment about the retailer's weak share price, saying the board had a "clear sense of urgency" as it did "all that can be done" to boost momentum.

Hardware

Masters keeps hammering Woolworths as losses widen

Losses would have been greater if the rollout of Masters hardware stores had not slowed.

Sue Mitchell Losses have widened at Woolworths’ home improvement joint venture with US retailer Lowe’s despite their attempts to cut costs, boost sales and put a brake on new stores.

Sephora store opens in Sydney on December 5

Sephora brings polish to the city mall.

CAROLYN CUMMINS The upmarket cosmetics store will soon usher in customers in Pitt Street Mall.

Takeovers

ACCC clears Wesfarmers buy of Pacific Brands' workwear business

The acquisition will add brands such as King Gee to Wesfarmers' workwear portfolio.

MADELEINE HEFFERNAN The competition regulator has cleared a takeover by retail giant Wesfarmers of Pacific Brand's workplace clothing business.

Households, businesses urged to act fast on faulty cabling

Woolworths' Masters store was among 18 retailers who sold the faulty cabling.

MADELEINE HEFFERNAN The estimated 40,000 households and businesses that have had faulty cable installed are being urged to have it inspected quickly to avoid the risk of short circuits, electric shock and fires.

Retail

Pitt Street Mall back in world's top five shopping strips

The influx of global brands like Zara has helped kick Pitt Street Mall rents back into the world's top five.

CAROLYN CUMMINS With its swag of new international stores Sydney's Pitt Street Mall has regained its spot among the top 5 most expensive locations, according to a global study.

Retail

Wesfarmers flags strong results, says supplier relationship improved

A century down the aisle: Wesfarmers and Coles are turning 100.

MADELEINE HEFFERNAN Wesfarmers, one of Australia's biggest companies, has flagged continued strong results and described its relationship with suppliers as "much improved and generally very good".

Woolworths boss Grant O'Brien warns effects test will prove negative for economy

Food for thought: Woolworths is unhappy about a proposed change to competition law.

Sue Mitchell Australian National Retailers Association chairman Grant O'Brien fears there has been too little consideration of the consequences of introducing an effects test.

Fusion Retail Brands appoints former Godreys boss John Hardy CEO amid signs of turnaround

A generic image of Colorado boots.

MADELEINE HEFFERNAN The footwear brands owner has signalled the company is profitable and cash flow positive.

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