Coles Group

Coles Myer hits back at ex-official

AUSTRALIA'S largest retailer, Coles Myer, said it would not be 'held to ransom' by Philip Bowman, the finance director it sacked last weekend after three months in the job.

Friday, 8 September, 1995, 12:00am

Coles Myer sells unit

COLES Myer expects to book a A$100 million (about HK$572 million) profit following an agreement to sell its credit card operations to a subsidiary of General Electric for about US$133 million.

3 Aug 1995 - 12:00am

Coles Myer

AUSTRALIA'S biggest retailer, Coles Myer, said its first-half net profit rose 3.6 per cent over last year, reflecting a 2.9 per cent rise in sales.

The company said its profit rose to A$245.1 million (about HK$1.35 billion) in the six months ended January 23.

The company declared a fully franked interim dividend of 11 cents, unchanged from a year earlier.

11 Mar 1994 - 12:00am

Australia trade retail

THE Australian retail sector will continue to restructure amid a gradual pickup in sales in the next 12 months as its economy emerges from recession, Standard & Poor's Australian arm says.

S & P predicted in a profile of the sector that retail sales would grow about 2.5 per cent in the year ending May 1993.

1 Jun 1993 - 12:00am