Australia Retail

Former Woolworths boss Roger Corbett has lashed two of Australia’s largest alcohol retailers for losing their way and abandoning their customers.

WA food and beverage producers are proving resilient to economic headwinds by taking challenging trading conditions and turning it into opportunities for growth and innovation.

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E-commerce behemoth Amazon has solved one of the biggest problems facing Australian online ­retailers ahead of the busy Christmas season: “last mile” ­delivery.

Former Woolworths CEO Roger Corbett says liquor retailer Dan Murphy’s, but also BWS, has “completely lost its way”.

Mr Corbett says the company was originally a “category killer” and an “everyday low-price” retailer.

“That’s what drove the expansion … that was where the success was,” Mr Corbett says.

“What are the key things that have gone wrong? They have lost the mojo.

“You can’t be an everyday low-price retailer if you’re not an everyday low-cost retailer – that’s fundamental.”

South by Southwest, the annual festival of arts, music and technology for the world’s young professionals, will now have an annual South Asian event held in Tumbalong Park, Darling Harbour.

It’s the first time in the event’s 36-year history that it’s been held away from its home base in Austin, Texas.

The Commonwealth Bank is an official Super Sponsor of SXSW Sydney.

Group Executive for Business Banking Mike Vacy-Lyle says the festival’s embrace of creativity, technology and innovation made it a natural fit for the brand.

“When you intersect all of these things together, it really gives us a wonderful opportunity to understand how we can really respond to changing markets and new customer expectations,” Mr Vacy-Lyle said.

In partnership with Commonwealth Bank

Sky News Business Editor Ross Greenwood sits down with former Woolworths CEO Roger Corbett to discuss Endeavour Group, Dan Murphy’s losing its mojo and the importance of low prices in retail.

Mr Greenwood discusses Australia’s biggest alcoholic drinks and pubs group, Endeavour, the owner of Dan Murphy, BWS and more than 300 hotels.

The company was created by the merger of Woolworths’ liquor businesses, Endeavour and ALH – then listed on the stock market in 2021.

Today, pubs king Bruce Mathieson is the largest shareholder in Endeavour with 15 per cent of its shares.

Ross Greenwood and Roger Corbett discuss the shifting Endeavour Board and what it means for the company and its management.

A child employment watchdog alleges a major retailer illegally employed children under the age of 15 without permits and didn’t give kids enough rest.