There are three reasons why investors should steer clear of the upcoming Myer float, even if Jennifer Hawkins and Rebecca Twigley are flogging it: historical, macro-economic and Myer specific reasons.
Retail
DJ’s rich pickings from the PM’s cash splash
The naysayers who claim the Rudd government’s cash splash didn’t impact, need only consult the latest retail sector profit results.
Clothes maketh the retail industry
Clothing retailers have taken a battering this year, but niche segments — like online stores and men’s fashion — are growing and IBISWorld predict a growth rate of 2.9% for the industry.
Grow your own chicken
Tesco, noticing consumers’ growing desire for self-sufficiency (not good for a supermarket chain!), now offers allotments to consumers to plant seeds — and even raise their own live chickens. Smart.
Follow the consumer
A guide to investing in consumer-related stocks in the downturn. Nb. the enduring appeal of soap and cereal.
Westfield economic suicide by greed?
The uncontrolled greed of local council and multi national shopping centre magnates has merged to screw the very customers — and ratepayers — that have funded their empires, writes Lionel Elmore.
Recession retail: it’s all in the aisles
How Wal-Mart monitors consumers’ spending — and how they’re trying to save — one trolley at a time.
All eyes on Reserve Bank as February retail plunges
This morning’s fall in retail trade was fair sharper than market expectations, writes Glenn Dyer.
Comitatus: Economic Security Package worked. Shock.
The $10.4 billion Economic Security Package not only worked, but worked nearly exactly as Treasury had forecast it would, writes Possum Comitatus
Morning Market Report
Marcus Padley reports on the highs and lows of today’s markets.
Morning Market Report
The highs and lows of the sharemarket.
Real economy: No chunky soup for you, beans up, minivans down
The best way to get a sense of how far we’ve gone down the gurglar is to study the nation’s shopping lists, writes Glenn Dyer.
Centro, Westfield hearing grim tales from US mall owner
One of America’s biggest mall owners is struggling survive, which raising more concerns about viability of Centro, and to a lesser degree Westfield. By Glenn Dyer.
Bailouts, failures, big losses, job cuts — aka the US economy.
Another major US retailer has been forced into liquidation by the credit crunch. And it may the US taxpayer who comes to the rescue. By Glenn Dyer.
ABS boosts spending on retail data, and not before time
Cuts the ABS budget haven’t been reversed, but the ABS is working to improve the quality of its output, reports Glenn Dyer.
Westfield’s tough tactics being brought to bear on British retailers
Westfield has a reputation as a tough negotiator in Australia. It seems that the British are now getting a taste of it, writes Glenn Dyer.
Coles update spot on! Now what?
There is no doubt that these presentations are delivered with passion and belief that the things that need to be done will turn the enterprise around and satisfy the needs of all stakeholders in the future, writes Laurie Giuseppeni.
Retail sales flat, business outlook still gloomy
Plenty of fresh numbers out this morning, but not many economic rays of sunshine, writes Glenn Dyer.
Record Woolies profits but what about the damage?
A few reasons why we should look at the Woolworths’ profits results with a sceptical eye. By Crikey founder Stephen Mayne.
Credit growth slows, retail sales slump
The Australian economy is slumping much faster than previously thought, figures on credit growth and retails sales released this morning show. By Glenn Dyer.
Crikey Q&A: Where will the plastic bag levy go?
Question: Why are the supermarkets profiting from plastic bag levies? Answer: They are — and they aren’t.
Retail figures equal bad news for department stores
Right now it is better to be selling a sausage than a sofa. Rob Lake explains.
Charitable Frank Lowy deflects greed arguments at Westfield AGM
With the death of Kerry Packer and the departure of Rupert Murdoch’s News Corp to Delaware, Westfield founder Frank Lowy is the last of Australia’s great mega-billionaires who fronts shareholders at his AGM each year, writes Stephen Mayne.
Why is Westfield so optimistic?
A quarterly report from a leading UK shopping centre operator and property group, Liberty International, has called into question Westfield’s optimism about the current state of the market in Britain, writes Glenn Dyer.
Stronger retail figures muddy the economic picture
Retail trade figures outstripped expectations with a 0.5% rise in March. Is that good or bad news? ponders Glenn Dyer.
