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Retail
Scentre Group Reports Strong Growth in Customer Visits and Sales, Expands Development Pipeline
November 07, 2024 02:22 PM AEDT| By Team Kalkine MediaHighlights,Scentre Group sees a 2.1% increase in customer visits, reaching 429 million as of 3 November 2024.,Business partner sales grow by 2.3% year-on-year to AU$20.2 billion.,Total annual sales reach a record AU$28.8 billion by September 30, 2024...
Super Retail Group Shares Dip Following Trading Update
October 24, 2024 05:09 PM AEDT| By Team Kalkine MediaHighlights,Super Retail Group reported a 4% rise in sales for the first 16 weeks of FY 2025, with like-for-like sales growth of 2%.,Investors appear cautious due to management's warning about the uncertain outlook for consumer spending amid cost of l...
Harvey Norman Shares Dip After Federal Court Rules in Favor of Corporate Regulator
October 18, 2024 11:58 AM AEDT| By Team Kalkine MediaHighlights,Harvey Norman shares fell 1.3% to AU$4.855 following a Federal Court ruling in favor of Australia’s corporate regulator, ASIC, related to product care rights sold by the company’s franchisees.,The lawsuit, filed in September, involves alle...
Examining the Impact of Debt on J&J Snack Foods Corp.
October 12, 2024 08:32 AM AEDT| By Team Kalkine MediaHighlights,Debt can bring risk to companies when they struggle to meet financial obligations, either by generating sufficient cash flow or raising capital.,The key challenge with debt is that it can lead to shareholder dilution if a company must rais...
ASX Cancels Trades After Namoi Cotton Takeover Confusion
October 03, 2024 11:40 AM AEST| By Team Kalkine MediaHighlights:,ASX Cancels,Namoi,Cotton Trades,:,The Australian Securities Exchange,canceled,approximately one million trades in,Namoi,Cotton Ltd (,ASX:NAM,) after,failing to release,an updated $150 million takeover offer from Louis Dreyfus.,Takeover Ba...
Fletcher Building Secures $534 Million Through Institutional Placement and Retail Offer
September 30, 2024 11:00 AM AEST| By Team Kalkine MediaHighlights:,Capital Raising Achievement:,Fletcher Building Limited (,ASX:FBU,) has raised $NZ587 million (approximately $534 million) through an institutional placement and a retail offer, with the retail offer closing on October 8.,Strengthening Fin...
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'...
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