US Retailer Sears Files For Bancruptcy
As tipped by ChannelNews Sears US retailer Sears who have been under siege from Amazon, have commenced bankruptcy proceedings as it still... Read More
Myer Adds IT Specialist To Board Ahead Of AGM
Myer has appointed IT businesswoman, Lyndsey Cattermole AM, to its board as Non-Executive Director, in a bid to enhance its “multi-channel offering”... Read More
Will Myer Go The Same Way As Sears As They Teeter On The Brink?
Executives at struggling Australian department stores David Jones and Myer are watching with interest the plight of US retailer Sears who is... Read More
August Retail Sales Up 0.3%, Beat Forecasts
Latest numbers from the ABS reveal retail turnover jumped 0.3% [seasonally adjusted] in August, beating economists’ forecasts for a 0.2% lift, following... Read More
Myer Shares Spike 8% After Takeover Rumours
Shares in Myer jumped 8.8% to 55.5 cents earlier today, following takeover rumours involving major shareholder Solomon Lew – just a few... Read More
Myer Posts “Disappointing” $486 Million Full Year Loss
UPDATE– Shares in Myer have dived nearly 10% in morning trade to a two-month low of 39 cents, following its worst earnings... Read More
Ex Myer CEO Defends Former Profit Guidance
Former Myer CEO, Bernie Brooks, has today informed the Federal Court, Board support was received prior to announcing 2015 profit outlook. According... Read More
JB Hi-Fi Revenue Up, Margins Squeezed
Despite a tough retail climate and the growth of Amazon Australia, JB Hi-Fi has post a stellar 12.3% lift in full-year group... Read More
Retail Sales Beat Forecasts For Third Straight Month
Australian retail sales have jumped 0.4% in June [seasonally adjusted], beating analysts expectations [0.3%] for the third consecutive month. Following results, the Australian... Read More
Myer Cuts Jobs, Cancels Annual Supplier Ball
New Myer CEO, John King, has reportedly ruffled a few suppliers’ feathers, following reports he’s cancelled the annual Supplier of the Year... Read More