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Topic: Coles Myer


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In the News (Fri 1 Jun 12)

  
  Questions for Coles Myer Card holders - Coles Myer Source® MasterCard
Express Application form and are approved for a Coles Myer Source MasterCard, it will replace your Coles Myer Card.
As soon as your Coles Myer Source MasterCard is activated, your Coles Myer Card balance will be transferred to the new card and the Coles Myer Card will no longer work.
Once you activate your Coles Myer Source MasterCard you will not be able to use your Coles Myer Card.
www.source.com.au /MasterCard/CommonQuestions/Upgrading.asp   (381 words)

  
  Coles Myer   (Site not responding. Last check: 2007-11-05)
Coles Myer Ltd. is an Australian public company which operates a number of retail chains.
By the 1980's, Coles primarily operated supermarkets, whilst Myer operated a chain of mid-market department stores.
The company's flagship Myer stores have struggled to cope the emergence of "category killer" retailers in many of its specialist areas, and a trend away from department store fashion and back towards smaller fashion retailers.
bopedia.com /en/wikipedia/c/co/coles_myer.html   (383 words)

  
 Divorce makes sense for Coles and Myer - Stephen Bartholomeusz - Opinion
The difficulty for Myer is that, within the Coles Myer portfolio are divisions — food and liquor, Target and Officeworks —; that return more than 30 per cent on the capital the group has tied up in them.
Myer probably isn't in quite as good a shape as Debenhams was when the private equity players bought it but, while that adds some risk, it also adds upside because of the potential for an acceleration of its turnaround if capital and focus is brought to bear.
Coles wouldn't have announced a formal review or detailed its options for dealing with Myer so specifically unless it were confident it could deal with the landlords.
www.theage.com.au /news/stephen-bartholomeusz/divorce-makes-sense-for-coles-and-myer/2005/08/16/1123958063503.html   (982 words)

  
 Welcome to FreshPlaza
Coles Myer said it remains on track to reach its 2005/06 earnings target of $800 million before capital management.
Coles Myer said food and liquor sales rose 4.4 per cent in the quarter, with comparative sales growth up 2.1 per cent.
Coles myer also said Megamart stores would cease trading from November 13, inline with the announcement yesterday of Harvey Norman (hvn.ASX:Quote,News) taking over the leases of six of the nine Megamart stores and rebrand them as Harvey Norman stores.
www.freshplaza.com /2005/10nov/rn_au_colesmyer.htm   (473 words)

  
 CNN.com - Coles Myer sets five-year profit goal - March 25, 2002
Fletcher said Coles Myer also aims to achieve a return on investment of about 20 percent by 2004 and is on track to deliver 20 percent profit growth in the year to July 2002.
Last week, Coles Myer reported net profit of A$212 million ($112 million) for the six months to January 2002, a rise of 8.2 percent on the corresponding period a year earlier.
Coles Myer shares touched a high of A$9.22 in February 1999 and traded Tuesday at A$8.36, down 43 cents or 4.89 percent.
archives.cnn.com /2002/BUSINESS/asia/03/25/aust.coles.biz/index.html   (539 words)

  
 Coles Myer Final Results   (Site not responding. Last check: 2007-11-05)
Coles Myer Gift Cards allow us to leverage the scale of Coles Myer by offering customers a single product that can be used across the length and breadth of the majority of our brands.
Coles Myer continues to be the largest private sector employer in Australia, with our team increasing by 14,000 to 176,000 over the year.
Coles Myer Ltd. has guaranteed a value of $7.00 per share throughout a period of three years, commencing 26 May 2003, and will bear any share price risk during that period.
www.advfn.com /news_final-results_8816151.html   (7184 words)

  
 Coles Myer spurns $13.8B proposal - CNN.com   (Site not responding. Last check: 2007-11-05)
Coles Myer shares fell 8.97 percent to A$13.20, a near eight-week low.
Coles last month rejected a A$14.50 a share indicative bid, valuing the company at A$17.3 billion, which would already have been the largest takeover in Australia's corporate history if it went ahead.
Coles Myer chairman Rick Allert, left, seen with CEO John Fletcher last month, says the revised offer still undervalues the company.
www.cnn.com /2006/BUSINESS/10/19/australia.coles.reut/index.html   (697 words)

  
 Coles Myer receives 'conditional' offer
Coles Myer did not name the consortium of leveraged buyout funds which was behind the proposal, which the company received on Friday.
Coles Myer chairman Rick Allert said the consortium had stated that it would only proceed with the proposal if it had the support of the retailer's board.
Mr Allert outlined Coles Myer's achievements over the past five years including the doubling of the net profit to $785 million from $333 million, the share value increasing 90 per cent and returning $3.3 billion to shareholders through dividends and share buybacks.
news.ninemsn.com.au /article.aspx?id=124054   (509 words)

  
 Welcome to FreshPlaza
Coles Myer Ltd., the Australian retailer that sold its department stores last week, said first- half profit rose 10 percent on gains at its supermarkets and Christmas sales at Target discount outlets.
Coles Myer shares fell 1.1 percent on Friday to A$10.36 and have gained 1.5 percent this year.
Coles Myer's supermarket profit margin, which measures earnings excluding restructure costs as a percentage of sales, was 4.05 percent in the half compared with 4.36 percent at Woolworths.
www.freshplaza.com /2006/20mrt/rn2_au_colesmyer.htm   (638 words)

  
 PM - Coles considering Myer sale
Coles Myer has failed to stop a slide in profits at its department stores, so management is contemplating selling the Myer brand.
Coles Myer Chief Executive John Fletcher today confirmed that the company is contemplating cutting Myer from its business.
But Myer has almost double that number of stores, and also has way too many categories that are underperforming that are in fact redundant.
www.abc.net.au /pm/content/2005/s1439110.htm   (730 words)

  
 Coles Cool To KKR Bid - Forbes.com   (Site not responding. Last check: 2007-11-05)
Over the past five years, Coles Myer has doubled its net profit, to $785 million Australian ($599 million) from $333 million Australian ($254 million); increased its share value by 90%; and returned $3.3 billion Australian ($2.52 billion) to shareholders through dividends and share buybacks.
Coles has not named the potential bidder, but sources close to the offer have indicated that it is being led by U.S. private equity firm Kohlberg Kravis Roberts.
Coles, the country's second-largest retailer behind Woolworth's, confirmed in a statement last week that it had received an approach from parties wishing to discuss the possibility of a takeover, but it refused to name the bidders, saying only that it would consider "bona fide" proposals.
www.forbes.com /business/2006/08/22/coles-myer-kkr-cx_cn-0822coles.html   (526 words)

  
 Coles Myer considers split. 16/08/2005. ABC News Online
Coles is selling its Megamart electrical and has confirmed it is considering Myer's future.
"Myer has had what I would call the triple play, which is a softening in discretionary spend, a late start to winter and the removal of the shareholder discount," he said.
Coles Myer may soon need a new name, with the board announcing it is considering selling the Myer department stores because of poor sales.
www.abc.net.au /news/newsitems/200508/s1438875.htm   (347 words)

  
 CNN.com - Food, liquor drive Coles profit - Mar 11, 2004
Coles Myer is Australia's biggest retailer, with annual sales of about A$28 billion.
The result pushed Coles Myer shares sharply higher on the Australian market Thursday, with the stock closing 3.5 percent higher at A$8.21, its best in two years.
Coles Myer CEO John Fletcher called the half-year profit a "great result" and said the group was well on its way to achieving its cost savings target of A$300 million by the end of July.
www.cnn.com /2004/BUSINESS/03/11/australia.coles/index.html   (354 words)

  
 Coles buyback swings on Myer - Business - Business - smh.com.au
COLES Myer is expected to begin the process for a share buyback worth $450-$500 million at tomorrow's disclosure of third-quarter sales.
Coles Myer's chief executive, John Fletcher, is also expected to give investors a glimpse of his new five-year plan to focus on high-volume supermarket and discount-store retailing.
The first major step for the new Coles group was taken in March when Mr Fletcher took control of the day-to-day running of the supermarket division.
www.smh.com.au /news/business/coles-buyback-swings-on-myer/2006/05/21/1148150122613.html   (477 words)

  
 CNN.com - Coles Myer slumps on profit warning - June 24, 2001
Coles is Australia's biggest retailer, with 2000 outlets in Australia and New Zealand and annual sales of about $13 billion.
Coles chief executive Dennis Eck said in a statement to the Australian Stock Exchange Monday that disappointing fourth-quarter sales and margins in its department stores had hurt earnings.
On May 4, ratings agency Moody's Investors Service changed its ratings outlook for Coles Myer from stable to negative, reflecting what it said were the challenges facing the company "in a problematic economic and competitive environment".
archives.cnn.com /2001/BUSINESS/asia/06/24/aust.coles.biz/index.html   (370 words)

  
 Coles Myer News
COLES Myer's peremptory dismissal of the $1.1 billion boost in the proposed bid price by the KKR-led consortium will undoubtedly reignite the debate as to whether this is another case of a board denying...
Australian retail giant Coles Myer is pushing ahead with an expansion of its New Zealand operation with two new Kmart stores.
Coles Myer and Woolworths continue to fight for supremacy of the nation's fragmented $12 billion retail liquor market, with Queensland viewed as the peak battleground for acquisition of smaller independent...
www.topix.net /com/cm   (649 words)

  
 CNN.com - Coles Myer posts record sales - Aug. 14, 2003
Coles Myer has confirmed its status as Australia's biggest retailer, pushing full-year revenue 6 percent higher to a record Aust.
Coles Myer CEO John Fletcher said Thursday the group had the right team and right strategy to deliver results.
Coles said Thursday that after three quarters of negative growth, combined sales for Myer Grace Bros and Megamart in the fourth quarter rose 5.1 percent to deliver a flat full-year result, down 0.1 percent.
edition.cnn.com /2003/BUSINESS/08/14/australia.coles.biz/index.html   (430 words)

  
 Coles Myer won't sell its department stores cheap - Business - Business
Coles, however, may have been conscious of risk that one of the retail operators and one of the developers may have formed an exclusive relationship that distorted the sales process and depressed the bidding.
Coles has commissioned its own valuation, which concluded that a redeveloped site would be worth about $700 million and estimated the cost of redeveloping the site at $200 million to $300 million.
Fletcher would be acutely aware of the risk Coles might badly undervalue Myer, which generated less than $40 million of retail earnings before interest and tax (EBIT) last year on turnover of $3 billion.
www.smh.com.au /news/business/coles-myer-wont-sell-its-department-stores-cheap/2005/12/02/1133422107500.html   (848 words)

  
 Coles Myer Article Archives by KeepMedia   (Site not responding. Last check: 2007-11-05)
Australia's biggest retailer Coles Myer has reported a 13.3 percent rise in annual sales but said it would sell its Megamart stores and was considering the sale of its upmarket Myer department stores.
Coles Myer said it had teamed up with Macquarie Bank for the 3.35 dollar per share offer, which was unanimously backed by the ALH board in a recommendation to shareholders.
The news sent Coles Myer shares soaring 1.40 dollars, or 12 percent, to a record 13.10 dollars as investors sought a piece of potentially Australia's largest ever retail deal.
www.topix.net /com/cm/keepmedia   (363 words)

  
 [No title]   (Site not responding. Last check: 2007-11-05)
MELBOURNE, March 20 (Reuters) - Australia's largest retailer Coles Myer Ltd. (CML.AX: Quote, Profile, Research) posted a higher-than-expected 10.5 percent rise in first-half profit, led by its Target variety stores, and said it was on track to meet its full-year guidance.
The company, which last week sold its Myer department stores for A$1.4 billion ($1.0 billion), also said it was overhauling management of its food and liquor business, with its chief executive John Fletcher, taking a more hands-on role.
Coles Myer shares rallied 2 percent after the result, but eased back to be up 1 percent at A$10.46 in afternoon trade in a wider market up 0.6 percent.
today.reuters.com /business/newsArticle.aspx?type=consumerProducts&storyID=nSYD133132   (424 words)

  
 CNN.com - Coles board battle takes new turn - Oct. 6, 2002
Supporters of key Coles Myer shareholder and long-time director Solomon Lew have argued that Allert should quit Southcorp if board renewal is the real goal of other directors who want Lew out.
Coles Myer, which turned over A$25.7 billion ($14 billion) last financial year from its Coles supermarkets and stores such as Myer Grace Bros, Target and Kmart, has been looking to spin off under-performing units, including Myer Grace Bros.
Stock in Coles Myer tumbled to a five-year low of A$5.70 early last month amid perceived poor performance by some of its units and the battle between Wallis and Lew.
edition.cnn.com /2002/BUSINESS/asia/10/07/aust.colesmyer.biz   (464 words)

  
 Netquote - ASX Stock Data and News
Coles Myer Ltd (CML) is an Australian retailer with over 1900 stores throughout Australia and New Zealand.
Coles Express: CML has a network of close to 600 Coles Express locations across Australia in an alliance with Shell.
Australia's second-largest retailer, Coles Myer Ltd., rejected a revised A$18.2 billion takeover proposal from a private equity consortium, sending its shares down 6 percent.
asx.netquote.com.au /summary.asp?code=CML   (1155 words)

  
 [No title]   (Site not responding. Last check: 2007-11-05)
Coles Myer said it had received informal inquiries from up to 13 potential buyers for its 60 Myer stores, which some analysts estimate could fetch A$500 million ($385 million).
Coles Myer said last month it had appointed corporate advisers Carnegie Wylie & Co. to look at a potential sale.
Coles Myer, which competes against Woolworths Ltd. (WOW.AX: Quote, Profile, Research) in the food and grocery sector, posted an annual profit before one-off items of A$678.1 million ($521.6 million) for the year to July 31, up from A$576.5 million a year ago.
today.reuters.com /business/newsArticle.aspx?type=consumerProducts&storyID=nSYD339219   (459 words)

  
 With Myer gone, Coles rallies - Business - Business - theage.com.au
COLES Myer has begun to rebound from the doom and gloom that surrounded the retail group after it reported sluggish interim sales growth in comparison with rival Woolworths.
Since the half-year sales result in late February, the Coles Myer share price has jumped 14 per cent as chief executive John Fletcher has overseen the $1.4 billion sale of the Myer department store, the $300 million purchase of the Hedley Hotel Group and the group's first foray into the $7 billion pharmacy market.
Mr Fletcher was berated by analysts for Coles Myer's poor performance in the key supermarket and liquor markets in the first half of 2005-06 compared with Woolworths.
www.theage.com.au /news/business/with-myer-gone-coles-rallies/2006/04/05/1143916594313.html   (459 words)

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