Interesting take from the AFR. As a WOW shareholder the two concerns for the remainder of this decade is certainly NZ Food and BIGW. I think both are safe for now, only as the new CEO is much the same as the prior CEO. However I do think BIGW could be ripe for a float perhaps around early 2030s. It needs 3/4 years of sustainable earnings and that’s likely still a few years away once the heat comes off the discretionary spending sector.
NZ is a distraction for WOW and it would be wise to offload it to a competitor at some point this decade, that market will only be getting more competitive not less.
The Krispy Kreme store at Westfield Mount Druitt in Western Sydney (underneath a travelator) is also a kiosk. I found a couple of photos at this website.
The shonky practices that we have discussed here in the past are being covered in the inquiry.
The regulator further alleges the display of the “Prices Dropped” and “Down Down” labels was misleading, as the price of the products was, in fact, higher than, or the same as, the regular price at which the supermarket had previously offered them for sale. The regulator further alleges the display of the “Prices Dropped” and “Down Down” labels was misleading, as the price of the products was, in fact, higher than, or the same as, the regular price at which the supermarket had previously offered them for sale.
I noticed visiting Costco in Adelaide recently that they had stopped with coin deposit trolleys… Unsure when specifically as I hadn’t been in a few months
Kmart announces its last full-size store in the US is closing its doors
Kmart in the United States was once a powerhouse brand described as “the destination for bargain shoppers” – which at the height of its popularity brought the discount business model to Australia in 1968.
But from the 1990s onwards, the store began to fall out of favour with shoppers, with the first US Kmart store going bust in 2002.
Apparently that Kmart is just in the former “garden centre”, the rest of the store is an “At Home” now. It’s a Dollar General-style store within the larger other store (whatever that means lol).
A new TV commercial celebrating the centenary of Woolworths went to air tonight. Saw it twice during Gogglebox on 10. The ad has a family theme and ends with the company’s four logos from its history flipping forward one after the other.
Edit: Woolworths was first registered as a company on September 22, 1924.
Australian fashion retailer Mosaic Brands will bring the axe down on five of its businesses and close more than 200 stores to simplify operations and reduce costs.
All stores and websites for Rockmans, Autograph, W.Lane, Crossroads and BeMe are considered “marginal and non-core” and will be wound down.
Mosaic chief executive Erica Berchtold said the move to “rationalise its brand portfolio” will simplify the business and allow it to focus on “five core growth brands” - Millers, Noni B, Rivers, Katies and its standalone online Mosaic marketplace.
