Michael Luscomb
Retail
Retail going backwards but news not all bad as penny drops
WHEN Woolworths boss Michael Luscombe warned last week that 2012 would be the retail sector's most challenging year, he wasn't kidding. While the sharemarket has factored in profit downgrades for retailers in 2011, deep sales discounting in July of...
Retail
Woolworths sees no respite for struggling Australian retailers
Australia's largest retailer Woolworths Ltd sees nothing that will loosen consumers' tight-fisted shopping habits as another tough year looms, reinforcing dovish commentary from Australia's central bank.Woolworths, which matched analyst forecasts with a 4 percent rise in fourth-quarter comparable food...
Retail
Woolworths poised for steady handover
Michael Luscombe would be reasonably satisfied with Woolworths' performance, in the circumstances, as he prepares to hand over responsibility for the retailer to Grant O’Brien.In difficult conditions, particularly for the group’s general merchandise brands, the 4.1 per cent increase...
Retail
Woolworths post 27 per cent jump in second-half profit
Australia's largest supermarket chain Woolworths Ltd posted a 27 per cent rise in second-half profit. The second-half net profit of A$598.4 million compared favourably against A$471 million last year. The Sydney-based company has also managed to extract market share...
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abCoffee: The grab-and-go Coffee revolution brewing across India
Today, the coffee chain has scaled to more than 70 outlets covering Mumbai, Delhi, Gurugram, Noida, Hyderabad, and BengaluruLaunched...
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