Struggling Australian department store chain Myer could be looking to sell some of its brands with new chief executive John King reportedly mulling the disposal of Sass & Bide, Marcs and David Lawrence.
Amazon.com began offering its paid subscription service in Australia on Tuesday, wooing premium users with a way around the geoblock on its offshore websites that has drawn criticism in the world’s 12th-biggest economy.
The General Pants Company-owned women's fashion and innerwear retailer declared bankruptcy late last week, forecasting the closure of all 12 retail stores, as well as its Myer concessions and online store.
Australia’s No. 1 department store chain Myer Holdings said on Wednesday CEO Richard Umbers would step down after its third profit warning in a year, boosting demands from its biggest shareholder for a board overhaul.