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Retail
Coles and Woolworths Face Mounting Pressure Amid Allegations of Price Manipulation
September 27, 2024 12:25 PM AEST| By Team Kalkine MediaAustralia's supermarket giants, Woolworths Group Ltd (ASX:WOW) and Coles Group Ltd (ASX:COL), find themselves at the center of a public and political storm. Amid rising frustration over the cost of living, both companies face growing scrutiny followi...
Adgemis Targets Reacquisition of Public Hospitality's Sydney Pubs Amid Financial Struggles
September 25, 2024 10:13 AM AEST| By Team Kalkine MediaJon Adgemis, through his private company Jaga Investments, is working toward reclaiming control over five prominent Sydney pubs formerly owned by Public Hospitality Group. These venues, which include Oxford House, The Exchange in Darlinghurst, The No...
CTT: Cettire Releases Audited FY24 Results, Adds New Director
September 24, 2024 11:21 AM AEST| By Team Kalkine MediaOnline luxury retailer Cettire (ASX: CTT) has announced the completion of its full-year audit for FY24, confirming no changes to its revenue policy. The company initially released its annual results in late August but indicated that final sign-off fr...
ACCC Takes Legal Action Against Coles Group Limited (ASX: COL) and Woolworths Group Limited (ASX: WOW) for Misleading Price Discounts
September 23, 2024 10:56 AM AEST| By Team Kalkine MediaThe Australian Competition and Consumer Commission (ACCC) has initiated legal action against,Coles Group Limited (ASX: COL),and,Woolworths Group Limited (ASX: WOW),, alleging that the two largest supermarket chains misled customers regarding price di...
ACCC Takes Legal Action Against Woolworths (ASX:WOW) and Coles (ASX:COL) Over Misleading Pricing Claims
September 23, 2024 09:59 AM AEST| By Team Kalkine MediaThe Australian Competition & Consumer Commission (ACCC) has initiated legal proceedings against Woolworths Group Ltd (ASX:WOW) and Coles Group Ltd (ASX:COL), accusing the supermarket giants of deceptive discounting practices on a range of everyday pr...
Olivia Wirth's Rescue Plan for Myer: Key Elements Identified Amidst Growth Challenges
September 20, 2024 03:13 PM AEST| By Team Kalkine MediaOlivia Wirth, the newly appointed executive chair of Myer Holdings Limited (ASX: MYR), is actively working on a turnaround strategy for the iconic Australian department store. Her approach incorporates several foundational elements aimed at revitaliz...
BAP to Divest MTQ Engine Systems Business in Strategic Move
September 20, 2024 03:08 PM AEST| By Team Kalkine MediaBapcor Limited (ASX: BAP), a leading provider of automotive aftermarket parts, accessories, equipment, and services, has announced plans to divest its diesel fuel injection business, MTQ Engine Systems. The transaction, which is anticipated to be fin...
Woolworths Faces Investor Calls to Reassess Big W and New Zealand Operations
September 19, 2024 12:33 PM AEST| By Team Kalkine MediaWoolworths Group Limited (ASX:WOW) is under scrutiny from investors who advocate for a strategic overhaul, particularly suggesting that the retail giant consider divesting its discount chain, Big W, and its New Zealand operations. These calls come as...
Adairs Appoints Former Country Road Chief Elle Roseby as New CEO Amid Retail Challenges
September 17, 2024 10:55 AM AEST| By Team Kalkine MediaAdairs Limited (ASX:ADH), Australia’s largest retailer of home furnishings and manchester, has appointed Elle Roseby, former managing director of Country Road, as its new chief executive officer. Ms. Roseby is set to assume the role in January, marki...
Country Road Group Initiates Major Brand Overhaul Amidst Financial Challenges and Regulatory Scrutiny
September 11, 2024 10:51 AM AEST| By Team Kalkine MediaCountry Road Group, the prominent fashion conglomerate encompassing labels such as Country Road, Mimco, and Politix, is embarking on a significant brand repositioning and strategic overhaul. This comes in response to a challenging financial year mark...
Guzman y Gomez (ASX:GYG) Shares Surge to Record High on Monday. Here’s Why.
September 09, 2024 03:35 PM AEST| By Team Kalkine MediaShares of Australia's Guzman y Gomez (ASX:GYG) soared as much as 7.8% to a record high of AU$41.50 during recent trading on Monday, bolstered by news of the Mexican-themed fast-food chain’s imminent inclusion in the S&P/ASX 200 index. This milestone...
Billionaire Brett Blundy Prepares to Launch New Lingerie Brand Amid Fashion Market Shifts
September 09, 2024 09:58 AM AEST| By Team Kalkine MediaBrett Blundy, a prominent figure in the Australian retail landscape, is making a return to the lingerie and sleepwear sector, a market in which he has built and sold highly successful businesses in the past. Working closely with Mark McInnes, the chi...
E&P in $16 Million Trade for Cettire's Dean Mintz
September 04, 2024 11:21 AM AEST| By Team Kalkine MediaDean Mintz, the Chief Executive Officer of Cettire Ltd (ASX: CTT), has made headlines recently with a major shift in his investment strategy. Mintz, who had been known for reducing his stake in the company over several months, has now decided to sign...
E&P Capital Facilitates $16 Million Transaction for Cettire's Dean Mintz
September 04, 2024 10:21 AM AEST| By Team Kalkine MediaDean Mintz, Chief Executive of Cettire Limited (ASX: CTT), has strategically increased his stake in the luxury online retailer. After months of gradually reducing his holdings, Mintz has now begun to reinvest, signaling renewed confidence in Cettire'...
ASX Retail Giants Dip on Ex-Dividend Day: Coles, Wesfarmers, and Woolworths Shares Slide
September 03, 2024 11:25 AM AEST| By Team Kalkine MediaDespite the broader market trending slightly lower on Tuesday, some of Australia’s top retail stocks—Coles Group Ltd (ASX:COL), Wesfarmers Ltd (ASX:WES), and Woolworths Group Ltd (ASX:WOW)—are experiencing more significant declines. At the time of wr...
Harvey Norman Shares Plunge 6.5% on Disappointing Earnings and Sales Decline
August 30, 2024 02:59 PM AEST| By Team Kalkine MediaShares of Australian furniture and electronics retailer Harvey Norman Holdings Ltd (ASX:HVN) dropped as much as 6.5% to AU$4.57 on Friday, marking their steepest intraday decline since June 26. This sell-off brings the stock to its lowest level since...
Mighty Craft Creditors Face Near Total Loss in Administration Outcome
August 29, 2024 04:06 PM AEST| By Team Kalkine MediaUnsecured creditors of the collapsed beer and spirits group Mighty Craft are facing a significant loss, with administrators indicating that the best possible recovery could be less than 1¢ for every dollar owed. Ankura, the administrators overseeing...
Brett Blundy Sells Significant Stake in Accent Group to Frasers Group
August 28, 2024 11:03 AM AEST| By Team Kalkine MediaRetail billionaire Brett Blundy,has divested his entire shareholding in ASX-listed Accent Group (ASX: AX1), the parent company behind the Hype DC and Platypus chains. The sale was executed through a block trade, with Blundy’s 14.7% stake in the compa...
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Guzman y Gomez Experiences Strong Growth Amidst Market Challenges
August 27, 2024 12:01 PM AEST| By Team Kalkine MediaGuzman y Gomez (ASX:GYG) has made a notable start to the new financial year, achieving an impressive 7.4% increase in same-store sales growth in Australia over the first seven weeks. This performance surpasses initial expectations, signaling a robust...
Endeavour Group Ltd (ASX: EDV) Faces Pressure Despite FY 2024 Growth
August 26, 2024 12:10 PM AEST| By Team Kalkine MediaThe Endeavour Group Ltd,(ASX: EDV),share price has come under pressure this Monday morning, falling by 2.5% to $5.39. This decline follows the release of the company's full-year results, which did not meet analyst profit expectations.,FY 2024 Results...
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