AustraliaRetail

The private equity-owned department store David Jones has replaced its CEO of six years, Scott Fyfe, with retail industry veteran Erica Berchtold.

UK retail firm Frasers Group escalated its international expansion strategy by launching a takeover bid for Australian footwear retailer Accent Group (ASX:AX1).

Super Retail Group (ASX:SUL) has unveiled a five-year strategy to expand its store network from 790 to more than 900 locations by 2031.

Wesfarmers (ASX:WES) is banking on an aggressive artificial intelligence roll-out to defy a severe consumer downturn.

Sigma Healthcare (ASX:SIG) confirmed it is engaged in early-stage discussions regarding a potential acquisition of Boots.

Synlait Milk (ASX:SM1) has confirmed it is on track to finalise the critical refinancing of its senior syndicated bank facilities.

Treasury Wine Estates (ASX:TWE) announced a consolidation of its US production, including the sale of several California wineries.

Maggie Beer (ASX:MBH) received a non-binding indicative offer from a multinational consumer goods business to acquire 100% of its Hampers and Gifts Australia division.

OMG Group (ASX:OMG) reported that net sales have surged to approximately $6.2 million on a moving annual total basis to May.

Kmart is launching a direct assault on IKEA’s flat-pack empire, opening its first large-scale "K Home" trial store in Melbourne.

The ACCC has ordered Amazon, eBay, Kogan, and Fruugo to pull banned, high-powered magnetic toys from their platforms following severe safety risks.

Fast-food giant Collins Foods (ASX:CKF) finalised its acquisition of eight KFC restaurants across Bavaria, Germany.