Myer’s falling sales and a downward spiral in foot traffic as shoppers increasingly choose to buy online sees it in a hazardous state. Shareholder Solomon Lew is now on a mission to overthrow Myer’s board, starting with chairman Gary Hounsell.
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Prinitha is the Editor of Power Retail. She has an editorial background in digital and newspaper publishing, news and sports presenting, as well as communications advisory in politics. Prinitha is passionate about fashion, lifestyle, health and wellbeing, loves adventure and enjoys a bit of retail therapy to complement her personal style.
Catch.com.au has announced a new partnership with women’s lifestyle website Mamamia to bring MamaMia Shopping, tapping into the publication’s growing audience of females and mums.
Richard Umbers has stepped down as Myer chief executive with the retailer’s chairman Garry Hounsell appointed executive chairman as it immediately searches for a new CEO and MD.
JB Hi-Fi has been named as one of the biggest retailers worldwide in Deloitte’s Global Powers 2018 Retailing report, joining the ranks of other Australian retail heavyweights – Woolworths and Wesfarmers.
Matthew Shay, president and CEO of the National Retail Federation, peak US retail industry lobby group, will visit Australia this month for two main events.
In 2018 content will be the holy grail of e-commerce engagement. Net-a-Porter is onto this, launching Porter Digital, its new digital magazine, which is now a major part of the online retailer’s rich content mix.
JB Hi-Fi has announced its half-yearly net profit rose 37% and online sales grew 40% as it successfully safeguarded its turf in an intensifying online retailing war in the electronics sector.
Levi reports its best financial performance in over a decade thanks to digital advancements in e-commerce and retail expansion to drive growth.
Hanes Australasia, formerly Pacific Brands, has confirmed its definitive agreement to acquire Bras N Things from private equity firm BB Retail Capital, and other associated parties.
E-commerce giant JD.com, China’s largest retailer by revenue, has announced the opening of a local office in Australia as it accelerates growth in the ANZ region.