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Business

Retail

Takeover

David Jones deal to go under the microscope

Sue Mitchell David Jones has appointed independent expert Grant Samuel to assess whether a $2.15 billion takeover offer from South African retailer Woolworths is in the best interest of shareholders.

Retail

David Jones electronics deal 'watertight': Dick Smith chief

Dick Smith

ELI GREENBLAT Dick Smith chief Nick Abboud said his deal to operate David Jones' electronics floor space was ''water tight'' and would not be affected by the proposed $2.15 billion takeover by Woolworths Holdings of the upmarket department store.

Retail

Debate looms over Lowy's Westfield split

Frank Lowy

Carolyn Cummins Two independent experts say proposed $70 billion split is in best interests of shareholders.

Fuel

Woolworths shopper dockets breached watchdog deal

WOOLWORTHS

ELI GREENBLAT Federal Court rules Woolworths shopper dockets breached deal with competition regulator.

Retail

David Jones plans in the pipeline as shock eases

David Jones is expecting sales will remain flat over the Christmas season.

Eli Greenblat, Jemima Whyte Woolworths chief Ian Moir has identified three sites for new, smaller David Jones stores.

Retail

David Jones suppliers face challenge in private label plan

David Jones shopping bags.

Simon Evans Suppliers of branded goods will have to compete for a shrinking number of display slots on racks and shelves.

Retail

Woolworths Holdings would dress up David Jones with private labels

Simon Bosch.

ELI GREENBLAT South African bidders plan to shake up Australian retail.

Retail

Woolies' offer attractive, but DJs' investors keep options open

David jones.

Sue Mitchell David Jones' major shareholders say Woolworths' $2.15 billion takeover offer looks attractive but they are waiting to see if higher bids emerge now that the board has revealed its asking price.

Retail

Adviser's Woolworths SA role a stroke of luck for Myer

A Myer Pop Up shop in Southern Cross Station.  The Age. Photo: Angela Wylie. December 12 2012.

ELI GREENBLAT Myer may have access to key inside information on Woolworths Holdings' strategic plans for its transformation of rival department store David Jones after it appointed a former retail boss of the South African retail giant as a special adviser to the Myer board.

Myer dejected as South African suitor wins DJ's heart

Michael West dinkus

MICHAEL WEST Takeover bid by South Africa's Woolworths is excellent news for shareholders of David Jones, but not such good news for rival operator Myer.

Retail

Woolworths chief Ian Moir is veteran of Country Road spat with Solomon Lew

Woolworths' Ian Moir.

Simon Evans Woolworths Holdings chief Ian Moir is no stranger to the rough and tumble of Australia's retail sector.

Retail

South Africans lob bid for David Jones

Ian Moir

Eli Greenblat, Ben Butler, Max Mason The nation's $5 billion department store sector is primed for the biggest shake-up in its post-war history after South Africa's Woolworths Holdings shocked investors with an all-cash bid for David Jones and pledged to transform it into one of the top retailers in the world.

Property

Bumped for the food court: DJs and Myer squeezed as mall reshuffles downgrade department stores

Hamburger burger takeaway food take away food junk food hamburgers burgers generic.
SMH THE (SYDNEY) MAGAZINE Picture by iSTOCK SMAG110331

CAROLYN CUMMINS The importance of department stores to shopping centres is diminishing to the extent that malls being built or redeveloped now devote more space to food than Myer or David Jones.

Retail

'We love it to death': Woolworths SA has big plans for David Jones

David Jones.

ELI GREENBLAT South African retail giant Woolworths will use its acquisition of David Jones to create the second largest department store in the southern hemisphere and one of the biggest retailers in the world.

David Jones' Paul Zahra vindicated as Myer left to ponder

zahra

MICHAEL WEST Analysis: The takeover bid by Woolworths of South Africa is excellent news for shareholders of David Jones but not such good news for rival Myer.

Retail

David Jones takeover: Queues at H&M showed why we needed to act, says DJs chairman Gordon Cairns

CAIRNS.AFR.17 DECEMBER 2013.Photo by ROB HOMER ....... portrait of GORDON CAIRNS who is the chairman of origin energy photographed in the forecourt of australia square in sydney

ELI GREENBLAT David Jones chairman says the queues at the opening of H&M in Melbourne on the weekend confirmed his view that Australia’s retailers need to scale up.

David Jones takeover: The foreign brands are here because Australia is rubbish at retail

David Jones.

MICHAEL PASCOE The African Woolworths' bid for David Jones is another indication of outsiders seeing value and opportunity that the locals had missed.

Retail

One name, two retail giants: meet the other Woolworths

woolies

James Thomson Woolworths is a household name in Australia, but local shoppers are going to get used to another, quite different company of the same name from South Africa after it lobbed a bid for DJs.

Retail

David Jones gets takeover bid from Woolworths SA

David Jones.

MAX MASON The David Jones board has recommended a surprise $2.15 billion takeover offer from South African retail group Woolworths, trumping any merger talks with rival Myer.

Milk wars: Coles admits to errors in ad campaign

Generic pic of a glass of milk.

ESTHER HAN Coles spruiked a rosy picture of the dairy industry at the height of the $1 milk wars last year using data it could not substantiate, the consumer watchdog has found.

Retail

'Healthy' soft drink Bionade takes on Coca-Cola

Bioande

Sue Mitchell Bionade is taking advantage of the lack of innovation in the fizzy soft drinks market.

Retail

H&M shines on its opening day in Melbourne

H&M CEO Karl-Johan Persson at the Melbourne GPO shop. 3 April 2014.
The Age NEWS. Photo:EDDIE JIM.

ELI GREENBLAT Swedish retail giant H&M has recorded one of the most successful opening days for a new store over the weekend.

Regulation

Coles slams 'complex' bank rules in Financial Services Inquiry submission

Coles logo

Jonathan Shapiro Coles blames 'unnecessarily complex' regulation for stifling competition in the financial system.

Retail

David Jones chief Paul Zahra welcomes a Myer merger sweetener

David Jones still open to a merger

Sue Mitchell David Jones chief Paul Zahra has welcomed the prospect of a sweetened merger offer from Myer but has reiterated that formal merger talks are months rather than weeks away.

Dairy deal

Woolworths inks milk deal with NZ dairy giant Fonterra

Woolworths

Sue Mitchell and Tim Binsted New Zealand dairy giant Fonterra will start supplying private label milk to Australian supermarkets for the first time after winning a long-term milk supply deal with Woolworths.

H&M may open six Australian stores: CEO

H&M

ELI GREENBLAT Global fashion retailer H&M believes Australia can support as many as half a dozen of its department stores.

Collapse

Bevilles enters voluntary administration

x

JARED LYNCH A tough retail environment has claimed another victim, with the collapse of an 80-year-old family-owned jewellery store chain.

Retail

Omni-channel retailers cashing in

The Age News
4th February 2014
Picture by Wayne Taylor
Generic Myer and David jones shopper pictures at Bourke st Mall.

Sue Mitchell Omni-channel retailers who enable consumers to shop across their bricks and mortar, online and mobile stores are winning the war against pure-play online retailers.

Gerry Harvey chilling out with Funtastic

Photo of Stewart Downs CEO of Funtastic at his office in Chadstone

Sue Mitchell Harvey Norman chairman standing by toy wholesaler Funtastic despite $26m first-half loss.

Retail

Aldi Australia doubles up on its management structure

Managing Director of Aldi, Tom Daunt.

Sue Mitchell Aldi has appointed one of its longest-serving executives as joint group managing director.

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