Lew owns a big enough stake in Myer. When will he take charge?
Opinion
Retail

Lew owns a big enough stake in Myer. When will he take charge?

There is not a lot of fight left in the department store’s board of directors,and billionaire Solomon Lew knows it. The decision about who runs the company is his for the taking.

  • byElizabeth Knight

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Why Premier Investments break-up won’t be Solly Lew’s last deal

Why Premier Investments break-up won’t be Solly Lew’s last deal

It’s a weakness for retail billionaire Solly Lew,one which he identified in himself:the desire always for one more deal.

  • byAnne Hyland
Retail billionaire Solomon Lew presses the deconstruct button

Retail billionaire Solomon Lew presses the deconstruct button

The stalwart retailer’s plan to give birth to a litter of retail companies displays a whole new level of boldness.

  • byElizabeth Knight
‘Deeply pessimistic’ consumer confidence weighs on ASX

‘Deeply pessimistic’ consumer confidence weighs on ASX

The local sharemarket closed flat on Tuesday as Myer revealed its sales growth has practically ground to a halt,and consumer confidence data showed sentiment continued to worsen.

  • byMillie Muroi
Why taking the top job at Myer could be a career killer
Opinion
Retail

Why taking the top job at Myer could be a career killer

Myer’s largest shareholder,Solomon Lew,is now the company’s kingmaker. And in this case,(John) King replacer.

  • byElizabeth Knight
Myer shares dive as customers shut their wallets

Myer shares dive as customers shut their wallets

Australia’s biggest department store Myer says its sales growth has almost ground to a halt over the past six months as consumers feel the cost-of-living crunch.

  • byEmma Koehn
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Department stores take hit from national belt-tightening

Department stores take hit from national belt-tightening

Living costs are making trading conditions tough,but the boss of DJs hopes the consumer outlook will lighten.

  • byEmma Koehn
As Myer and the Melbourne Cup part ways,there’s still hope for race day fashion

As Myer and the Melbourne Cup part ways,there’s still hope for race day fashion

Australia’s biggest horse race may have found itself without a fashion sponsor,but trackside style could be the ultimate winner.

  • byMelissa Singer
Myer boss John King set to retire next year

Myer boss John King set to retire next year

The head of Australia’s largest department store will sign out in the second half of 2024 and return to the US after leading the retailer to its strongest profit a decade.

  • byMillie Muroi
From the Archives,1983:Myer unloads favourite gem,Chadstone

From the Archives,1983:Myer unloads favourite gem,Chadstone

In 1983,Myer selling Chadstone shopping centre was like a dowager aunt selling her favourite jewel. Like a jewel,Chadstone was a property acquired during the boom and disposed of when times got tough.

  • bySimon Clarke
The ‘lipstick effect’ is taking a budget turn

The ‘lipstick effect’ is taking a budget turn

Consumers are spending up on cosmetics and skincare - but competition for their dollars is fierce.

  • byEmma Koehn