Advertise with fastmoving.co.za
 
 

AUSTRALIA NEWS ON FASTMOVING

Subscribe to australia

Woolworths share price recovers on renewed optimism

Woolworths share price recovers on renewed optimism

13/06/2019 - 09:04
Shares in Woolworths have rebounded in recent weeks, thanks to a recovery in the sector and optimism that the worst may be over for the high-end retailer, whose foray into Australia has proven costly for investors. read more
Struggling Woolworths shares fall after two more directors leave

Struggling Woolworths shares fall after two more directors leave

12/02/2019 - 11:20
Struggling retailer Woolworths saw its share price decline to the lowest level since 2012 after saying two nonexecutive board members with extensive business experience in Australia resigned with immediate effect on Monday. read more
David Jones impairment to send Woolworths into the red

David Jones impairment to send Woolworths into the red

19/07/2018 - 13:44
Woolworths will report a loss due to the impairment of its Australian department store chain David Jones. read more
Woolworths Australian chain David Jones axes managers

Woolworths Australian chain David Jones axes managers

29/06/2018 - 10:07
Woolworths’s ailing Australian department store chain, the value of which has already been slashed by more than R7bn, has wielded the axe once again. read more
Woolworths' nightmare in Australia

Woolworths' nightmare in Australia

28/02/2017 - 15:31
The retailer still seems to be an investment to hang on to, despite the slower growth markets it is trading in. read more
Cotton On Group's youth brand Supré opens in SA this October

Cotton On Group's youth brand Supré opens in SA this October

29/09/2016 - 08:47
Supré, an Australian fast fashion chain aimed at the youth market, and owned by the Cotton On Group, has announced that the opening of three stores in South Africa by November, including Cavendish Square, Centurion Mall, and Menlyn Park. read more
Qantas announces new Rockpool sommeliers - Australia

Qantas announces new Rockpool sommeliers - Australia

21/07/2015 - 11:47
Qantas recently announced a new team of wine experts and mixologists from the Rockpool Restaurant Group who will select wine, Champagne, spirits, and other beverages for Qantas domestic and international flights and lounges.  read more
Why more South Africans are leaving the country

Why more South Africans are leaving the country

10/07/2015 - 12:11
An emigration expert says that she has experienced a seven-fold increase in the number of South Africans enquiring about immigrating to Australia. read more
Cotton On flair ignites Grove fashion spread - Namibia

Cotton On flair ignites Grove fashion spread - Namibia

08/06/2015 - 08:51
Australian retailer the Cotton On Group, who claims to be one of the fastest growing fashion retailers globally, is expanding its African footprint and opened its first store in Namibia on 29 May in Windhoek’s Grove Mall. read more
Mr Price to open stores in Australia this year

Mr Price to open stores in Australia this year

03/06/2015 - 08:52
Johannesburg - Mr Price [JSE:MPC] plans to open stores in Australia by the end of this year, the firm said on Tuesday. read more
SABMiller Africa region yields best interim growth

SABMiller Africa region yields best interim growth

20/10/2014 - 10:15
SABMiller has newly consolidated Africa business, which includes SA for the first time, was its fastest-growing region in the six months ended September, during which weak demand in China and Australia saw group wide beer volumes decline marginally from the same period the year before. read more
Woolworths finalises R9.98bn rights offer

Woolworths finalises R9.98bn rights offer

03/09/2014 - 09:38
Johannesburg - Woolworths [JSE:WHL] has finalised the terms of a rights offer to raise nearly R10bn through 167.8 million new ordinary shares, the company said on Tuesday. read more
Woolworths shuffles management in Australia

Woolworths shuffles management in Australia

13/08/2014 - 14:23
Cape Town - Woolworths announced on Tuesday that Paul Zahra has resigned with immediate effect as CEO and managing director of David Jones and Iain Nairn will take his place immediately. read more
Woolworths expects Country Road completion soon

Woolworths expects Country Road completion soon

12/08/2014 - 12:12
Cape Town - Woolworths advised shareholders on Friday that its subsidiary, Country Road Group, which is listed on the Australian Stock Exchange (ASX), has released its Appendix 4E Preliminary Final Report for the period ended June 28 2014. read more
Country Road expects steep earnings rise

Country Road expects steep earnings rise

10/07/2014 - 10:52
Woolworths’ Australian subsidiary, Country Road, said this week, it expected full-year earnings to rise as much as 66% to Aus$100.9m ($94.8m) as Witchery Group, which it acquired in 2012, provided a fillip. read more
Woolworths: Final offer for David Jones, Country Road

Woolworths: Final offer for David Jones, Country Road

01/07/2014 - 08:48
Woolworths would not sweeten its $2.1 billion (R22.3bn) takeover offer for Australia’s David Jones, the JSE-listed upmarket food and clothing retailer said yesterday. read more
Country Road invests in Australia, New Zealand operations

Country Road invests in Australia, New Zealand operations

22/05/2014 - 10:39
Woolworths said on Tuesday its majority-owned subsidiary, Country Road, would invest A$53m in a distribution project aimed at supporting the growth of both its online and store networks in Australia and New Zealand. read more
Woolworths to acquire Australian brand, David Jones

Woolworths to acquire Australian brand, David Jones

14/04/2014 - 14:34
David Jones is an iconic Australian brand and occupies a similar customer positioning to Woolworths in South Africa at the premium end of the apparel business, with both businesses enjoying strong aspirational brand identities and a strong alignment of values that put the customer first, offering excellent service and quality.  read more
Steinhoff launches up to $631 m convertible bonds

Steinhoff launches up to $631 m convertible bonds

30/01/2014 - 10:27
Johannesburg - Furniture maker and retailer Steinhoff plans to sell as much as $631m of bonds convertible into shares to push out debt maturities, it said on Thursday.  read more
Cotton On opens in Stellenbosch, Western Cape

Cotton On opens in Stellenbosch, Western Cape

19/12/2013 - 12:48
Located in Mill Square, Stellenbosch, the new Cotton On store opened on 31 October 2013, offering on-trend yet affordable fashion for both women and men.  read more
Woolworths to launch Australian brands, Witchery and Mimco, in stores

Woolworths to launch Australian brands, Witchery and Mimco, in stores

09/12/2013 - 08:38
Following the successful introduction of Country Road and Trenery to South Africa, Woolworths will exclusively offer the iconic Australian brands Witchery and Mimco from March 2014.  read more
Woolworths reports strong results

Woolworths reports strong results

29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared  read more
Woolworths outshines competitors

Woolworths outshines competitors

05/08/2013 - 10:25
A surge in Woolworths’ sales, which bucked the weaker sales growth trend of ailing local retailers, was because the food and fashion retailer was not dependent on credit like its competitors, analysts have said.  read more
Global factors weakening the rand

Global factors weakening the rand

13/06/2013 - 08:27
Johannesburg - Global factors are the main contributors to the current volatility of the rand, analysts said on Wednesday. read more
Mastercard heads to mobile with virtual wallet

Mastercard heads to mobile with virtual wallet

26/02/2013 - 08:56
Mastercard unveiled its bid to dominate the mobile payments market on Monday with a ‘virtual wallet’ allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay. read more
Woolworths posts impressive profit

Woolworths posts impressive profit

15/02/2013 - 08:19
Johannesburg - Retailer Woolworths Holdings [JSE:WHL] reported a 21% rise in first-half profit chiefly as a result of contributions from its recent acquisition in Australia. read more
Australian retailers reach out to Chinese shoppers

Australian retailers reach out to Chinese shoppers

11/02/2013 - 08:09
Sydney, "Be polite but not too familiar, display lucky symbols and take things slowly." unusual advice for the frantic world of retail but Australian stores hope it will help lure cashed-up Chinese tourists.  read more
Australia: Coopers prepares for Carlsberg relaunch

Australia: Coopers prepares for Carlsberg relaunch

06/02/2013 - 09:19
Coopers will soon ramp up the marketing activity behind its new international beer brands, Carlsberg and Kronenbourg, having recently announced a $20 million capital expansion programme to accommodate its continued sales growth. read more
Australia’s Lorna Jane expanding in the U.S.

Australia’s Lorna Jane expanding in the U.S.

01/02/2013 - 08:39
New York -- Australian import Lorna Jane will open the largest store in its U.S. portfolio, a 3,000-sq.-ft. unit in San Francisco, in February. read more
Spar to enter Middle East market

Spar to enter Middle East market

29/01/2013 - 11:17
Abu Dhabi - Dutch food retailer Spar International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday. read more
UK is still Australia's biggest wine export market

UK is still Australia's biggest wine export market

29/01/2013 - 11:15
The UK remains Australia’s biggest wine export market, increasing by three per cent in 2012 according to a report released by Wine Australia. read more
Australia: New Coles Liquor marketer reveals plan of attack

Australia: New Coles Liquor marketer reveals plan of attack

29/10/2012 - 08:47
Coles' food and liquor division this week reported strong overall quarterly sales figures and new liquor marketing boss, Cameron MacFarlane (pictured), believes brighter times are around the corner for his division. read more
Strain as grain giants tighten grip

Strain as grain giants tighten grip

29/10/2012 - 07:46
A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed. read more
SABMiller Sends VB Beer the Way of New Coke With Change

SABMiller Sends VB Beer the Way of New Coke With Change

06/09/2012 - 09:41
SABMiller Plc. (SAB), the world’s second- largest brewer, will send its Victoria Bitter beer the way of New Coke, discarding a recipe change that saw VB overtaken as Australia’s top seller by Kirin Holdings Co. (2503)’s XXXX Gold.  read more
Woolworths impresses with profit

Woolworths impresses with profit

23/08/2012 - 09:05
Johannesburg - Retailer Woolworths Holdings [JSE:WHL] slightly beat forecasts with a 24.2% rise in full-year profit on Thursday, helped by share buy backs and resilient demand for its upscale grocery products. read more
Great noses unite to uncork the secrets of their countries' best wine

Great noses unite to uncork the secrets of their countries' best wine

22/08/2012 - 09:10
When the Chilean wine writer Eduardo Brethauer thinks of his home country, he conjures the soft tannins of the carmenere grape, the mineral flavours from vineyards planted by the Pacific Ocean and cabernet sauvignon grown high in the mountains. read more
 Soybeans, corn extend gains

Soybeans, corn extend gains

21/08/2012 - 07:57
Soybean and corn prices rose to their highest levels in 10 days on Monday amid the worst drought in half a century, with traders set to get fresh evidence of the extent of damage from the Midwest farm belt.  read more
Retail mogul cries foul over Country Road

Retail mogul cries foul over Country Road

15/08/2012 - 09:42
Australian retail mogul Solomon Lew has lashed out at Woolworths, accusing the South African company of using the planned acquisition by Country Road of fashion group Witchery to force him out of Country Road, legal letters revealed yesterday.  read more
Wool season opens on Wednesday

Wool season opens on Wednesday

14/08/2012 - 07:50
Johannesburg – The 2012-13 wool season will open this Wednesday‚ when about 13‚000 bales will be on offer at auction in Port Elizabeth.  read more
Country Road to buy top fashion house

Country Road to buy top fashion house

02/08/2012 - 09:08
Johannesburg - Retailer Woolworths Holdings [JSE:WHL] announced on Wednesday that its indirectly-held subsidiary‚ Country Road‚ has entered into an agreement to acquire the Witchery Group from Gresham Private Equity for A$172m. Witchery is one of Australia’s leading fashion brands. read more
Woolworths stays silent on Country Road deal

Woolworths stays silent on Country Road deal

02/07/2012 - 08:14
JSE-listed Woolworths on Friday failed to shed any further light on a possible transaction between Gresham Private Equity and its Australian subsidiary, Country Road.  read more
Milk Price Slumping as Record Profit Spurs Expansion of Herds: Commodities

Milk Price Slumping as Record Profit Spurs Expansion of Herds: Commodities

13/03/2012 - 08:53
Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012. read more
SABMiller loses Corona licence in Australia

SABMiller loses Corona licence in Australia

12/03/2012 - 07:56
London - Global brewer SABMiller [JSE:SAB] said its newly-acquired Foster’s business has lost a licence to import and distribute Corona Extra lager in Australia. read more
Metcash sells nine Franklins stores to Ritchies

Metcash sells nine Franklins stores to Ritchies

07/02/2012 - 09:20
Metcash has reached an agreement with Ritchies for the sale of nine Franklins stores, which will be rebranded under the IGA banner read more
Wool sales open 2012 on a high

Wool sales open 2012 on a high

12/01/2012 - 09:38
Port Elizabeth - The first South African wool sale of the new year opened on a positive note when wool prices rose sharply, Cape Wools said on Wednesday. read more
Cotton prices set for big fall

Cotton prices set for big fall

05/12/2011 - 08:54
Falling consumption and a record crop will see cotton prices fall significantly next year according to analysts of the cotton market as stockpiles reach their biggest since 2005. read more
Court overturns Pick n Pay sale hurdle

Court overturns Pick n Pay sale hurdle

01/12/2011 - 08:44
An Australian court overturned a decision by the country's competition watchdog to block wholesale firm Metcash buying stores from South Pick n Pay Stores [JSE:PIK] - a precedent that may make it harder to challenge future deals. read more
Samsung wins appeal on Galaxy ban

Samsung wins appeal on Galaxy ban

30/11/2011 - 09:18
Sydney - An Australian court on Wednesday reversed a ban on the sale of Samsung Electronics' Galaxy tablet computers in the country, handing it a rare victory against rival Apple in the firms' intensifying global patent war.  read more
Australia approves Foster's takeover

Australia approves Foster's takeover

28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU$9.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.  read more
Australian Retail Sales, Building Decline

Australian Retail Sales, Building Decline

04/07/2011 - 08:17
Australian retail sales unexpectedly fell and building approvals dropped in May by the most in four months, sending the nation’s currency lower on expectations the central bank will extend a pause in raising interest rates. read more