Page 6 - Guy Russo News Today

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Guy Russo's retirement announced as Wesfarmers announces record department store earnings but further impairment charges at Target

Kmart hack pages and influencers devoted to the Australian department store brand have become a major force online.

The first of several forums explored visions for transforming the city’s waterfront...

‘Grounded’ Kmart targets $10b in sales Save Share Kmart hopes to lift sales by more than 60 per cent to $10 billion and earnings by more than 90 per cent to $1 billion by converting Target stores to its brand, expanding its online business, and using technology and data to improve supply chain efficiency and reduce costs. Kmart Group managing director Ian Bailey - “the potential for this business is substantially greater than $10 [billion] over time.”   Eamon Gallagher Th...

A Civic Centre will remain closed today after a fire broke out in the ground floor car park. Eight fire engines and around 60 firefighters were rushed to the building in Silver Street, Enfield, yesterday (February 7) after being called to the fire around 3.09pm. Part of an undercover car park on the ground floor of the 10-storey building was damaged by the fire. Three vans and three cars were also damaged, the fire service said. Enfield Town, there are very worrying pictures from ...

An investigation is underway following a fire which damaged part of an undercover car park and several vehicles.

Screencap from "Ill Be Home for Christmas" Scott Peterson and Sarah Siplak of The Wreckids Pittsburgh musician Nathan Zoob, member of popular local band Wreck Loose, came up with the idea to crowdsource a holiday song with fellow local musicians just two days ago. Now, just in time for Christmas Eve, hes released the heartwarming cover of "Ill Be Hom...

ASX 200 drops over 1% Tristan Harrison | December 22, 2020 4:33pm | More on: 6,600 points. Magellan announced it’s buying a 10% stake in GYG for $86.8 million. GYG is an Australian based quick service restaurant chain specialising in made to order, fresh Mexican food with 147 restaurants across Australia, Singapore, Japan and the US. GYG is led by founder and CEO Steven Marks as well as chairman Guy Russo, who used to be the CEO of McDonalds as well as Kmart and Target. Hamish Douglass, the...

2 reasons why the Magellan (ASX:MFG) share price is attractive Tristan Harrison | December 22, 2020 3:16pm | More on: Magellan Financial Group Ltd (ASX: MFG) looks attractive, according to a couple of fund managers. A quick overview of Magellan Magellan describes itself as a specialist funds management business established in 2006 and it’s based in Sydney. Magellan Asset Management managed approximately $103 billion of funds under management (FUM) at 30 November 2020 across its global equit...