ASX Announcements
Notification regarding unquoted securities - MYR
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Apr 18, 2024
- 7 pages
April
Solly Lew’s stake in Myer creeps up to 31pc; UCP on trade
The trade would take Premier Investments to circa 31 per cent of the Australian retail giant’s register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
How loyalty saved Myer from the retail graveyard
In 2019 Myer’s loyalty scheme was terminal. Five years later, it is central to driving sales at the recharged department store.
- Carrie LaFrenz
- Opinion
- Australian economy
Wirth’s dual role at Myer is tricky for good governance
Boardroom culture that supports open and honest discussions is far more important than whether the chief executive and the chairman are one and the same.
- Megan Motto
Why Brookfield wants Optus | Myer boss’ big test | Could AI be deflationary?
This week, James and Anthony examine what SingTel could gain from selling Optus, look at whether an ex-Qantas exec could grow Myer, and discuss two tectonic shifts in markets that will decide the next decade.
- Opinion
- Chanticleer
Olivia Wirth parachutes into Myer with a mission
Wirth faces a steep learning curve as Myer’s new executive chairwoman. But she has three things on her side – including the backing of Solomon Lew.
- Updated
- James Thomson
- Updated
- Executive shake-up
Former Qantas Loyalty chief executive Olivia Wirth to run Myer
She will assume the role of executive chairwoman at the Solomon Lew-backed retailer, which also announced a fall in its interim net profit on Thursday.
- Updated
- Carrie LaFrenz
‘Substantial’ risk to GDP growth as firms destock
A surprise fall in inventories could shave 1 percentage point off GDP growth and raises the possibility the economy contracted in December for the first time since the pandemic downturn.
- Updated
- Michael Read
February
Myer launches buyer search for trio of fashion labels; KPMG hired
KPMG started contacting potential buyers just before Christmas, and a sale flyer was sent to interested parties in the past fortnight.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Retail stocks nail the soft landing, lighting a fire under shares
The ASX’s retailers are the early earnings season winners, smashing dire predictions about the financial health of Australian consumers and the economy.
- Joshua Peach and Joanne Tran
Nick Scali, Myer shares rally as retailers defy gloom
The CEO of sofa retailer Nick Scali said sales momentum spilled over into January, reflecting more positive consumer sentiment and tax cuts.
- Carrie LaFrenz
- Opinion
- Mergers & acquisitions
The online beauty stock that will be a takeover target this year
Doubts remain on whether Adore Beauty is really a scalable business, but a failed PE takeover bid late last year will not be the last we hear of a profitable buyout.
- Updated
- Adir Shiffman
Myer intensifies CEO search after missing out on McInnes
Myer’s new chairman, Ari Mervis, and the one-time David Jones boss were in advanced talks, but unable to agree to terms.
- Carrie LaFrenz
January
Online retail starts to plateau – in a surprise to some
The proportion of sales made online has changed little in three years. Brokers say the structural shift has not come as retailers re-invest in stores.
- Kylar Loussikian
December 2023
‘Aggressive and clever’: Inside Joel Thickins’ TPG
At 45, the pickleball-loving boss is raising a $9 billion fund and launching a new venture. He disdains investment bankers, and don’t mention Ben Gray.
- Jemima Whyte and Sarah Thompson
November 2023
Black Friday sales sizzle, set to be bigger than Christmas
Shoppers are tipped to spend over $6.3 billion over the four-day shop-a-thon, up 3 per cent on last year. But budgets are under pressure, and sales have come early.
- Carrie LaFrenz
- Opinion
- Retail
Why Black Friday discounts could come back to bite retailers
In a desperate attempt to boost lacklustre sales, retailers have turned what was originally a short, sharp shopping promotion into an extended margin-sapping clearance sale.
- Sue Mitchell
How Rupert Myer says Australian business leaders are missing talent
The arts patron and philanthropic leader will challenge Rich Listers to do more to support the arts in Australia.
- Tom McIlroy
Myer CEO predicts Black Friday to beat Christmas
First-quarter same-store sales fell 0.9 per cent, but the trend in the last seven weeks improved as the retailer heads into its key trading period.
- Carrie LaFrenz
- Opinion
- Retail
Cup Day rate rise casts pall over Black Friday, Christmas spending
Retailers are counting on Black Friday to save Christmas, but the latest rate rise could dent confidence and force retailers to discount more deeply.
- Sue Mitchell
Solomon Lew raises concerns too many Myer executives are quitting
The billionaire retailer is the department store’s largest shareholder and has urged it to provide a market update at its annual meeting on Thursday.
- Carrie LaFrenz
