Most Read

PUNCH FOR PORTMANS
Premier Investments delivers a harsh assessment of its Portmans restructure, in the wake of an estimated $18.5 million loss for the brand in the 2009/10 financial year. It reported that too much change at one time had confused staff and customers.

COUNTRY CAUTIOUS
Country Road predicts its profit before tax may be 15 to 20 per cent lower than last financial year, despite an increase in sales. It said that highly competitive, discount-led market conditions had impaired margins.

DJS DEFENSIVE
David Jones issues a formal statement regarding its high-profile $37 million sexual harassment case: “Both the company and its directors will defend the claims vigorously.”

DISCOUNTS OPTIMISTIC
Target and Kmart report “marginally positive” sales growth for the 2009/10 financial year despite a challenging fourth quarter.

NU LABEL FOR GENERAL
Independent footwear label Nu + Nan has created a capsule collection of women’s shoes
for retail chain General Pants.