The $100 million raid on Myer shares could be the first step in an ambitious plan to merge the business with long-time rival David Jones, according to a leading retail analyst. Billionaire Solomon Lew’s Premier Investments has confirmed it was behind the raid, which...
“Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable” – William Pollard Kmart came to Australia from the US in 1960s, and in the past couple...
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.’ – William Arthur Ward Study the truly great business performers in retail and other sectors and you see some startlingly simple commonality to their success… A...
One of Australia’s largest health-focused fast food chains says poor trading conditions and shopping centres’ approach to food retail are having a “cannibalisation” effect that has led to its decision to ditch food courts and search for other retail sites. A strategic...
Myer has purchased Marcs and David Lawrence for an undisclosed sum, but the future of the struggling fashion labels’ stores and staff remains bleak. Marcs and David Lawrence went into administration in February after a slide in sales pushed them into the red. Rather...
