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The Iconic offers last-minute delivery

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Original article by Sue Mitchell
The Australian Financial Review – Page: 21 : 5-Nov-14

The Iconic has responded to consumer demand by delivering goods to customers on Saturdays. The online clothing retailer also hopes to increase sales by offering same-day delivery on weekdays until Christmas Eve. MD Adam Jacobs notes that the online retail sector is enjoying growth of 14-15 per cent, and he expects this growth to continue. He also expects The Iconic to become profitable much more quickly than most e-commerce businesses

CORPORATES
THEICONIC.COM.AU, INTERNET SERVICES AUSTRALIA 1 PTY LTD, AUSTRALIA POST, STAR TRACK EXPRESS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Ten tie-up with Fairfax back in frame as Rinehart exits network’s board

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Original article by Darren Davidson
The Australian – Page: 19 : 4-Nov-14

Fairfax Media is in ongoing talks on a potential merger with free-to-air TV group Ten Network, and may divest its radio assets to entrepreneur John Singleton so as not to breach media ownership laws. A 14.99% stake in Fairfax is held by mining heiress Gina Rinehart, who also has 10% of Ten. However she is stepping down from the role of director on Ten’s board. The seat will be taken up by John Klepec, also chief development officer at Rinehart’s private Hancock Prospecting vehicle. Interest in a deal with Ten has come from pay TV business Foxtel as well

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORPORATION – ASX NWS, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, FAIRFAX RADIO NETWORK PTY LTD, HANCOCK PROSPECTING PTY LTD, CROWN RESORTS LIMITED – ASX CWN, WIN CORPORATION PTY LTD, MTV MUSIC TELEVISION, VIACOM INCORPORATED, CHANNEL 5 BROADCASTING LIMITED, ITV NETWORK LIMITED, ITV PLC, LIBERTY GLOBAL INCORPORATED, ROY HILL IRON ORE PTY LTD

Ten on path to recovery, says CEO

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Original article by Darren Davidson
The Australian – Page: 22 : 17-Oct-14

Free-to-air TV group Ten Network has posted a 2013-14 post-tax loss of $A168.3m, after $A295m in 2012-13. However revenue fell further, down 4.3% to $A625m. Analysts are nevertheless applauding the turnaround and cost cutting strategies of CEO Hamish McLennan, and on 16 October 2014 the stock closed $A0.02 higher at $A0.20. McLennan says Ten will lodge a bid for the broadcasting rights to Australian Football League matches, currently held by rival Seven West Media. Ten recently acquired the Big Bash cricket and V8 Supercars rights

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN FOOTBALL LEAGUE, V8 SUPERCARS AUSTRALIA PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, CITIGROUP PTY LTD

Iconic rides $3b wave in e-retail

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Original article by Paul Smith
The Australian Financial Review – Page: 23 & 25 : 14-Oct-14

The Iconic’s website boasts about three million visitors each month, according to MD Adam Jacobs. He says there are no plans for the online clothing retailer to list on the Australian sharemarket at present, and the priority is to expand the company and make it the leading player in its sector. The Iconic raised $A25m from venture capital firms in January 2014, and it raised an additional $A28m in July

CORPORATES
THEICONIC.COM.AU, INTERNET SERVICES AUSTRALIA 1 PTY LTD, ROCKET INTERNET GMBH, ZALANDO LIMITED, FRANKFURT STOCK EXCHANGE, AUSTRALIA POST, NIKE INCORPORATED, ADIDAS-SALOMON AG, RIVER ISLAND CLOTHING COMPANY LIMITED, DOROTHY PERKINS, HUGO BOSS, CALVIN KLEIN INCORPORATED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED

Dick Smith strikes gold with DJs outlets

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Original article by Eli Greenblat
The Australian – Page: 21 : 13-Oct-14

Nick Abboud, CEO of electronic goods retailing chain Dick Smith, says its alliance with department stores group David Jones is progressing well. One year after the "David Jones Electronics Powered by Dick Smith" concept was rolled out in October 2013, the concessions inside the David Jones stores generate more than half of upmarket product sales for Dick Smith. This is despite this business accounting for only 3% of the parent’s total turnover, which shows that the David Jones link has given it access to more affluent consumers. David Jones has since been acquired for $A2.2bn by South African group Woolworths

CORPORATES
DICK SMITH HOLDINGS LIMITED – ASX DSH, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, COUNTRY ROAD LIMITED, BOSE PTY LTD

Online retailers stay upbeat

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Original article by Jessica Sier
The Australian Financial Review – Page: 20 : 7-Oct-14

Australian online retailers have reported strong growth and are positive about the outlook for Christmas spending. Overall retail spending rose by only 0.1 per cent in August 2014, with spending in retail stores falling by 2.9 per cent. Milan Direct founder Dean Ramler said that his company’s sales rose by 51 per cent in September compared with the previous year. The Catch Group co-founder Gabby Leibovich said that his group’s sales rose by 26 per cent in the September quarter

CORPORATES
MILAN DIRECT PTY LTD, CATCH GROUP PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, CATCH-OF-THE-DAY.COM.AU, SCOOPON.COM.AU PTY LTD

Fairfax revives radio sale talks

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Original article by Darren Davidson
The Australian – Page: 20 : 3-Oct-14

Insiders say Robin Bishop and Darren Keogh of investment banking firm Macquarie are consulting to Fairfax Media on possible asset divestments. The divisions being looked at are the radio stations network and the Domain real estate classifieds business. The former may be sold to 2GB owner Macquarie Radio, despite previous talks on such a deal ending acrimoniously. Domain may be spun off in a sharemarket float, and could have a market capitalisation of up to $A1.8bn. Fairfax is lobbying for reform of media ownership laws that prevent it from moving into certain segments

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, MACQUARIE GROUP LIMITED – ASX MQG, REA GROUP LIMITED – ASX REA, DOMAIN PROPERTY GROUP, FAIRFAX RADIO NETWORK PTY LTD, 2GB, MORGAN STANLEY AUSTRALIA LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, METRO MEDIA PUBLISHING PTY LTD, TRADE ME GROUP LIMITED – ASX TME, ALL HOMES PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS, CITIGROUP PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Battle lines shift in war for online

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Original article by Sue Mitchell
The Australian Financial Review – Page: 31 : 25-Sep-14

Australian consumers are continuing to embrace online shopping, with the websites of major retailers enjoying strong growth in traffic during 2013-14. Data from Hitwise and UBS shows that there was a 250 per cent increase in visits to Woolworths’ grocery website, compared with 240 per cent growth in visits to Coles’ website. Visits to the websites of JB Hi-Fi and Dick Smith rose by 150 per cent and 80 per cent respectively

CORPORATES
HITWISE PTY LTD, UBS HOLDINGS PTY LTD, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, JB HI-FI LIMITED – ASX JBH, DICK SMITH HOLDINGS LIMITED – ASX DSH, COUNTRY ROAD LIMITED, DAVID JONES LIMITED, MYER HOLDINGS LIMITED – ASX MYR, ASOS.COM LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, DAN MURPHY’S, LIQUORLAND (AUSTRALIA) PTY LTD, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, WESFARMERS BUNNINGS LIMITED

Europe proves expensive adventure for Kathmandu

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Original article by Sue Mitchell
The Australian Financial Review – Page: 18 : 24-Sep-14

Kathmandu has posted a 2013-14 net profit of $NZ42.2m, which is 4.5 per cent lower than previously. Shareholders will receive a final dividend of $NZ0.09 per share. Meanwhile, Kathmandu will ramp up its marketing in the US and Europe in a bid to raise its profile and increase sales. The outdoor adventurewear group will launch an integrated marketing campaign in these markets, at a cost of $NZ5m ($A4.6m)

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, THE NORTH FACE INCORPORATED, COLUMBIA SPORTSWEAR COMPANY

Good Guys ride the DIY boom to reach top 10

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Original article by Glenda Korporaal
The Australian – Page: 19 : 15-Sep-14

Home electronics retailers The Good Guys now boasts annual sales of $A2bn, with the group benefiting from growing interest in home renovations. The Good Guys now has 100 stores nationwide, and it has a top-10 ranking in IBISWorld’s latest list of Australia’s 500 largest privately-owned companies. Chairman Andrew Muir says The Good Guys’ status as a private company means it has greater flexibility than listed rivals

CORPORATES
THE GOOD GUYS, THE MUIR ELECTRICAL COMPANY PTY LTD, JB HI-FI LIMITED – ASX JBH, THE BLACKSTONE GROUP LP, WESFARMERS LIMITED – ASX WES, WESFARMERS BUNNINGS LIMITED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BAYSWATER BULK, BRASHS PTY LTD