The owner of Peter Alexander and Smiggle plans to open 30 new stores for each brand as it eyes overseas growth.
Rag trader Solomon Lew is confident Australian consumers are going to keep spending this summer despite higher interest rates.
Former Myer Grace Bros boss Terry McCartney said the department store had ‘found its legs again’,as he comes onboard as a director.
A major proxy advisory firm has said Myer shareholders should not support a motion to bring one of Solomon Lew’s nominees onto the board.
McCartney might be Premier’s Trojan horse but as the largest shareholder Lew’s Premier is entitled to have a representative on the Myer board.
Billionaire rag trader Solly Lew’s retail giant is doling out a bumper dividend as the business banks records sales for the year.
Australia’s retail sector has been warned to prepare for a tough period as compounding pressures threaten to send spending plummeting.
Premier Investments shareholders will receive a record dividend despite a profit slide after the company posted its strongest online sales figures to date.
Supply chain issues are continuing to wreak havoc on the Australian retail market with Kogan hit particularly hard.
Billionaire retailer Solomon Lew says he has seen no signs of a slowdown in spending from shoppers despite the pending threat of the Omicron variant.
The retail billionaire,whose company owns chains like Peter Alexander,JayJays and Smiggle,has called on both shopping centre owners and the government to ban unvaccinated shoppers from malls.