Uncategorized

The Athlete’s Foot satisfied 84% of its customers

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jan-20

The Athlete’s Foot has won Roy Morgan’s Shoe Store of the Month award for November 2019, with a customer satisfaction rating of 84%. The Athlete’s Foot has won seven straight monthly satisfaction awards since winning its first award for 2019 in May. It had a comfortable lead over both Williams (74%) and Spendless Shoes (71%) in November. Roy Morgan CEO Michele Levine says that The Athlete’s Foot has been rewarded for maintaining stable customer satisfaction ratings over the past three years, in an industry that is experiencing considerable fluctuations in satisfaction levels. Its satisfaction rating of 84% is only down 2% compared with three years ago. This is in contrast to Williams on 74%, which has decreased 10% over the same period, and Spendless Shoes on 71%, dropping 16%. The customer satisfaction ratings have been taken from the Roy Morgan Single Source survey, compiled by in-depth face-to-face interviews with over 50,000 Australians each year in their homes.

CORPORATES
ROY MORGAN LIMITED, THE ATHLETE’S FOOT AUSTRALIA PTY LTD, WILLIAMS SHOES, SPENDLESS SHOES PTY LTD

Black Friday sales now etched firmly into Australian retailing

roymorgansocial Leave a comment

Original article by Liam Walsh
The Australian Financial Review – Page: 17 : 17-Jan-20

Michael Hill International’s sales grew by 3.3 per cent to $203m in the December quarter, while same-store sales rose by four per cent to $198m. The listed jewellery retailer’s same-store sales in Australia rose 1.6 per cent to $103.5m, although overall sales fell 0.9 per cent to $105.9m. CEO Daniel Bracken notes that the group’s sales increased in November due to the ‘Black Friday’ sales. He adds that the Black Friday sales are having an impact on consumers undertake their Christmas shopping.

CORPORATES
MICHAEL HILL INTERNATIONAL LIMITED – ASX MHJ

Weathering the storm: inside the Murdoch family climate schism

roymorgansocial Leave a comment

Original article by Zoe Samios
The Sydney Morning Herald – Page: Online : 17-Jan-20

Media mogul Rupert Murdoch announced in late 2006 that News Corporation had a responsibility to ‘take the lead’ with regard to climate change. Murdoch subsequently revealed a number of initiatives aimed at reducing his media empire’s carbon footprint, including the ‘CoolChange’ program, which was known as ‘1Degree’ in Australia. Murdoch’s stance on climate change came as a surprise to many observers, given that he had traditionally been a climate change sceptic. News Corp’s stance on climate change is attracting renewed scrutiny amid criticism of its newspapers’ coverage of the bushfires crisis.

CORPORATES
NEWS CORPORATION – ASX NWS,{SPAC}NEWS CORP AUSTRALIA PTY LTD

Even denim’s got the blues as Jeanswest collapses

roymorgansocial Leave a comment

Original article by Eli Greenblat
The Australian – Page: 15 : 16-Jan-20

Peter Gothard and James Stewart of KPG have been appointed as voluntary administrators of the Australian division of Jeanswest Corporation. The clothing retailer boasts 988 employees and 146 stores across Australia, and is the latest casualty of the downturn in the retail sector. Gothard says the administrators will seek expressions of interest from potential buyers of the business, which was founded in 1972. The first creditors’ meeting is scheduled for 28 January. Jeanswest’s New Zealand arm is not affected by the collapse.

CORPORATES
JEANSWEST CORPORATION PTY LTD, KPMG AUSTRALIA PTY LTD

Kenny rejects Murdoch climate coverage attack

roymorgansocial Leave a comment

Original article by Max Mason
The Australian Financial Review – Page: 4 : 16-Jan-20

News Corporation’s climate coverage continues to attract scrutiny following criticism by James Murdoch, a director of the global company and the son of media mogul Rupert Murdoch. However, News Corp Australia commentator Chris Kenny contends that News Corp is one of the few media organisations that provide "fact-based, varied and realistic debate" on the issue. He adds that global coverage of climate change tends to be dominated by "alarmist and hysterical views". Former News Corp Australia employee Emily Townsend recently alleged that the company has engaged in a misinformation campaign to divert attention from climate change during the bushfires crisis.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, SKY NEWS, 21ST CENTURY FOX INCORPORATED

James Murdoch criticises father’s news outlets for climate crisis denial

roymorgansocial Leave a comment

Original article by Jim Waterson
The Guardian Australia – Page: Online : 15-Jan-20

The climate coverage of News Corp Australia’s newspapers has come under scrutiny in the wake of the bushfires crisis. James Murdoch and his wife Kathryn have issued a joint statement in which they criticise the media group’s continued climate change denial stance. Murdoch is a director of parent company News Corporation, and he stepped down as CEO of 21st Century Fox when it was sold to Walt Disney Company. Media mogul Rupert Murdoch told shareholders at New Corp’s 2019 AGM that there are no climate change deniers at the company.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOX NEWS, 21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY

News, Murdochs give millions to aid victims

roymorgansocial Leave a comment

Original article by Lilly Vitorovich, Lachlan Moffet Gray
The Australian – Page: 5 : 15-Jan-20

News Corporation has announced a number of initiatives to assist communities that have been affected by the bushfires. It will donate $5m to bushfire relief programs, while executive chairman Rupert Murdoch will personally donate another $2m. Co-chairman Lachlan Murdoch recently donated $2m to the bushfire relief fund. News Corp Australia will also donate all revenue from metropolitan newspaper sales and advertising on 21 January to the bushfire relief appeal, while Foxtel will donate the proceeds from special advertising packages for its broadcasts of charity sports events and the Fire Fight concert.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, CRICKET AUSTRALIA, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE

Bushfires likely to impact Australian retailers, analysts say

roymorgansocial Leave a comment

Original article by Dominic Powell
The Age – Page: Online : 9-Jan-20

Bryan Raymond of Citigroup says the bushfires crisis is likely to have a near-term impact on major retailers, as the smoke blanketing large cities will reduce foot traffic and some stores in bushfire-affected areas have closed temporarily. Hardware and outdoor equipment retailers are expected to be among the hardest hit, although Raymond notes that they may receive a boost as the nation rebuilds after the disaster. He adds that there is unlikely to be much impact on the sales of grocery giants Coles and Woolworths.

CORPORATES
CITIGROUP PTY LTD, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, BUNNINGS GROUP LIMITED, METCASH LIMITED – ASX MTS, SUPER RETAIL GROUP LIMITED – ASX SUL, JB HI-FI LIMITED – ASX JBH, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN

Cyclone Blake brings good news to WA’s Pilbara with heavy rains a boon to the Bamboo Creek operations of Haoma Mining NL

roymorgansocial Leave a comment

Kitchener Open-Cut Mine at Bamboo Creek (Haoma Mining NL) filling with water after Cyclone Blake dumps copious amounts of precipitation on Western Australia’s Pilbara Region near Marble Bar – January 8, 2020.

 

Flooding rains at Bamboo Creek (Haoma Mining NL) after Cyclone Blake dumps significant precipitation on WA’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - Flooding River 01

Picture of creek filled with flooding rains at Bamboo Creek (Haoma Mining NL) after Cyclone Blake dumps significant precipitation on WA’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - Flooding River 02

Picture of creek filled with flooding rains at Bamboo Creek (Haoma Mining NL) after Cyclone Blake dumps significant precipitation on WA’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - Filling Mine 01

Picture of Kitchener Open-Cut Mine at Bamboo Creek (Haoma Mining NL) filling with water after Cyclone Blake dumps copious amounts of precipitation on Western Australia’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - Filling Mine 02

Picture of Kitchener Open-Cut Mine at Bamboo Creek (Haoma Mining NL) filling with water after Cyclone Blake dumps copious amounts of precipitation on Western Australia’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - River Flowing into Open Cut Mine 01

Picture of Kitchener Open-Cut Mine at Bamboo Creek (Haoma Mining NL) filling with water after Cyclone Blake dumps copious amounts of precipitation on Western Australia’s Pilbara Region near Marble Bar – January 8, 2020.

 

Bamboo Creek - River Flowing into Open Cut Mine 02

Picture of Kitchener Open-Cut Mine at Bamboo Creek (Haoma Mining NL) filling with water after Cyclone Blake dumps copious amounts of precipitation on Western Australia’s Pilbara Region near Marble Bar – January 8, 2020.

Harris Scarfe to cut 440 jobs, shut 21 stores

roymorgansocial Leave a comment

Original article by Lucas Baird
The Australian Financial Review – Page: 14 : 7-Jan-20

Failed department store group Harris Scarfe will be restructured prior to its sale. This will result in the closure of 21 stores nationwide, including eight in New South Wales and three in Victoria. This will leave 44 stores for prospective buyers of the group, which collapsed in late December. The store closures will result in the loss of about 440 jobs; Shop, Distributive & Allied Employees’ Association secretary Josh Peak says the union’s priority will be to ensure that retrenched workers receive their full entitlements.

CORPORATES
HARRIS SCARFE HOLDINGS LIMITED, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, DELOITTE RESTRUCTURING SERVICES, ALLEGRO FUNDS PTY LTD, GREENLIT BRANDS