Metcash issued a shock profit downgrade at its annual meeting on Wednesday, warning that earnings per share could slump as much as 9 per cent due to cut-throat competition between the major [...]
David Jones says weak consumer sentiment has contributed to a continued decline in sales from its department stores.The department store owner recorded a 1.2 per cent drop in sales for the [...]
Myer is shaking up its management team ahead of next year’s hunt to find a replacement for retiring chief executive Bernie Brookes.The changes, announced in an internal email, have been [...]
Woolworths boss Grant O’Brien is hoping for a ‘‘return to certainty’’ after the federal election that will give consumers the confidence to spend at his supermarkets, bottleshops and hardware [...]
The weight loss empire run by Penrith chemist Tony Ferguson has slimmed down unexpectedly, collapsing last week.And caught up in the failure is a member of Melbourne’s Smorgon dynasty, [...]