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Premier Investments profit falls 20 per cent on fashion write-downs

Premier Investments profit falls 20 per cent on fashion write-downs

The retail group wrote down the value of some of its fashion brands due to an "increasingly competitive" market, but pester power chain Smiggle continued to thrive.

  • by Patrick Hatch

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Two men with grenades: Who'll be the first to pull pin in Myer fight?
Myer

Two men with grenades: Who'll be the first to pull pin in Myer fight?

At this point both Geoff Wilson and Solomon Lew are not declaring they are on opposite sides - but it won't be long before the civility breaks down.

  • by Elizabeth Knight
Coca-Cola buys MOJO kombucha as it digests a major sugar problem
Coca-Cola Amatil

Coca-Cola buys MOJO kombucha as it digests a major sugar problem

What started with a husband and wife experimenting with blobs of bacteria and yeast in their back shed has grown into the newest arm of the Coca-Cola Company.

  • by Patrick Hatch
Kathmandu's profit billows from puffer jacket plague
Kathmandu Holdings

Kathmandu's profit billows from puffer jacket plague

Outdoors retailer Kathmandu is rewarding all permanent staff with one-off $1000 performance bonuses after lifting net profit 32 per cent.

  • by Patrick Hatch
Solly Lew tries to recruit major Myer player to join insurgency
Myer

Solly Lew tries to recruit major Myer player to join insurgency

Billionaire retailer Solomon Lew has tried to enlist the newly minted, third major force on Myer's share registry into his corporate insurgency.

  • by Patrick Hatch
Wesfarmers execs pay dearly for Bunnings UK disaster
Wesfarmers

Wesfarmers execs pay dearly for Bunnings UK disaster

Bunnings' disastrous expansion into the UK has cost former Wesfarmers executives dearly, seeing them take home relatively smaller pay packets after the foray burnt through more than $1.7 billion of shareholder value. 

  • by Patrick Hatch
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Mad scramble for Myer shares: How the short sellers got squeezed
Analysis
Analysis

Mad scramble for Myer shares: How the short sellers got squeezed

When a stock has been unloved for so long and many are betting on it to fall further, a bit of good news can go a long way. Welcome to this week at Myer.

  • by Elizabeth Knight
Chinese shoppers fall out of love with Ikea and Apple
China

Chinese shoppers fall out of love with Ikea and Apple

In China's biggest cities, the mystique of the foreign brand is fading

  • by Bruce Einhorn
Myer shares soar 40pc as investors digest new strategy
Myer

Myer shares soar 40pc as investors digest new strategy

Myer's share price soared almost 40 per cent on Thursday, a day after it revealed a near half-billion dollar loss.

  • by Patrick Hatch
Done with discounting: New Myer CEO tries his predecessor's old trick
Analysis
Analysis

Done with discounting: New Myer CEO tries his predecessor's old trick

This was always going to be a horrible result - and one that its recently installed CEO John King was never going to sugarcoat as he wasn't responsible for it.

  • by Elizabeth Knight
'Humble shopkeepers': Myer boss goes back to basics to win back customers
Updated
Myer

'Humble shopkeepers': Myer boss goes back to basics to win back customers

Myer's new boss John King has outlined his plan to return the iconic department store to growth by reclaiming "heartland Australia" and ending the company's history of "poor execution".

  • by Patrick Hatch