Updated
Fashion retail
Myer CEO Olivia Wirth doubles down on profit-sinking exclusive fashion labels
Myer shares have tumbled after the company unveiled its full-year results, but new CEO Olivia Wirth has vowed to invest in its languishing sass & bide, Marcs and David Lawrence brands.
- by Jessica Yun
Latest
Coles promises more ‘perfect orders’ for online shoppers
Two massive new customer fulfilment centres should help you actually get all the items you ordered online, the supermarket giant says.
- by Jessica Yun
Why Australia’s ‘Aldi of sports goods’ is going small
Chief executive Romain Gravigny explains why Decathlon is rolling out a wave of smaller stores, starting with Sydney.
- by Jessica Yun
Exclusive
Jobs
WeightWatchers Australia forced to shed staff as Ozempic effect takes toll
Oprah Winfrey’s abrupt break with WeightWatchers this year pointed to the company’s struggles amid a new generation of weight-loss drugs. Now its Australian arm is taking a hit.
- by Colin Kruger and Jessica Yun
‘Don’t want the limelight’: Who is Booktopia’s low-profile new boss?
Not all Australians have heard of camera retailer DigiDirect, much less its owner, Shant Kradjian, a serial entrepreneur and investor based in Sydney.
- by Jessica Yun
Updated
World markets
ASX slips as big four banks decline; lithium miners rally
The Australian sharemarket closed in the red, with banks and energy companies weighing on investor sentiment.
- by Jessica Yun
Updated
World markets
ASX jumps as Wall Street breaks losing streak, CBA hits record high
The Australian sharemarket has closed in the green with energy and banking stocks doing the heavy lifting.
- by Jessica Yun
‘Nobody wants just cheap’: Inside the rebrand of home brand groceries
Home brand products, once considered cheap, ugly and low-quality, have gotten a glow-up over the years – and are now profit drivers for supermarket giants.
- by Jessica Yun
Coles set to axe Vintage Cellars and First Choice brands as it takes fight to Dan Murphy’s
The country’s second largest supermarket retailer is making a dramatic shift as it looks to claw back market share lost to the group behind Dan Murphy’s and BWS.
- by Jessica Yun
Gerry Harvey takes shot at ASX costs as profits slump
Harvey Norman has recorded a 4 per cent slide in revenue and a 35 per cent drop in net profit.
- by Jessica Yun
‘A very sad day’: Dion Lee to wind up after failure to find saviour
After three months of searching for a buyer, the troubled business, once the pinnacle of Australian fashion, will close permanently.
- by Melissa Singer and Jessica Yun