AUSTRALIA: Incoming Coles Myer chairman Allert pledges greater cohesion
Rick Allert, incoming chairman at Australian retailer Coles Myer, has voiced his determination to have greater stability in the boardroom.
Replacing Stan Wallis, Allert was elected chairman yesterday [Thursday]. Allert will leave his current position of chairman of Australian wine giant Southcorp in order to devote more time to Coles and appease concerns in some quarters that there might be a conflict of interest.
In a memo to the company's 160,000 staff members, Allert said he planned to give the company a "stable and unified" board. He also reinforced the intention of most board members to vote to oust director, Solomon Lew, who is up for board re-election, reported the Courier-Mail.
In the second part of this week's focus on the Australian food retail market, David Robertson looks at Woolworths' main rival, Coles Myer, which accounts for around 16% of all retail spending in Austr...
With 76% of Australia's food retail market, just two companies, Woolworths and Coles, dominate the region. In a two-part review, David Robertson looks at both supermarket chains. The first article wil...
Australian retail group Coles Myer Ltd has posted a 10.5% rise in half-year net profit after tax (NPAT) to A$484.5m, on sales 4.3% higher at $19.0bn....
Supermarket chain Coles Myer has announced a first half 2006 sales increase of 4.2% at AUD$19bn (US$14bn) but blamed poor supermarket, liquor and non-food general sales for lower than expected figures...
Australian retailer Coles Myer has reported annual sales up 13.3% to A$36.6bn (US$28.1bn) and said it is considering selling its Myer department stories....
Australia's federal agriculture minister has stated that he will call an emergency meeting of the country's food regulation council to push for greater cooperation and tougher labelling laws to tackle...
Supermarket chain Coles Myer has agreed to support a food industry proposal to promote the benefits to consumers of buying Australian-grown produce, according to the Age newspaper....
The buying practices of supermarket chains Coles and Woolworths should change overnight, according to federal agriculture minister Peter McGauran says, reported the Australian Broadcasting Corporation...
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