The Nature Of The Company

Myer is part of the Department Stores industry, and is one of the 4 major players in that particular industry. (IBISWorld, 2014). The industry is dominated by Wesfarmers Ltd, Woolworths Ltd, Myer Ltd and David Jones Ltd. respectively. The industry is estimated to be worth $19 billion dollars, and expected to grow by 0.3% over the next year. Since Myer is more upscale, it tends to compete primarily with David Jones rather than K-mart, Target and Big W, who have a larger market share.

The biggest competitor of Myer is David Jones. Compare the physical availability of two retailers, Myer as the largest department store in Australia, it has 67 retail stores chain across Australia and four distribution centres, which David Jones only have 35 store across the country and 2 warehouses (David Jones, 2017). Furthermore, compare with David Jones, most of the the brands sold in Myer are local brans and they tare target to mid to up market. However, David Jones is target to up market, most of the brand sold in David Jones are unique international brands, which also makes products sold in David Jones are relatively more expensive (Avenell, 2009).

Corporate group is one of the most popular business structures in Australia. To be popular is because forming subsidiary companies will bring a lot benefit for parent company, such as reducing business risk, separates working duties. The famous Salmon’s case identify that each subsidiary company should stay as separate entity, after the court determine agency relationship is not exist between corporate groups. Thus corporation veil should apply on the subsidiaries in order to stop third party to review company’s detail information. Unfortunately, until now there is no official procedure provided to regulate the agency relationship. Therefore, how to testify cooperate veil in agency grounds becomes an arguable concept. Indeed it is unsurprisingly to find out piercing corporate veil is also a vexed issue to decide. In this report, there are two major parts. The determination for agency relationship including overwhelming control from parent company and poolling provision provided will be presented in the first part. Then in the second part we will list in certain condition such as using subsidiary company to make fraud or breach the duties and more importantly when there exists agency relationship between parent and subsidiary company will causes the result as lifting corporate veil.

Consumer today have a different expectation than a decade ago. Consequently, I believed if a Retailer want to be survive and thrive in the hostility of the today’s market, they must focus on all four of competitive priorities such as cost, quality, time, flexibility.

By emphasising on product quality and customer service, it differentiated itself in the Australian market as the leading branded department store with 174 years heritage (DJS Announcement, 21st March 2012). However, David Jones currently faces significant threat of the structural changes of the modern retail industry. The globalisation effect of the internet has brought in greater global price comparisons, hence more competition from high growing online retailing. This includes not only domestic and international online retail pure-plays but also bricks and clicks retailers, brands selling through aggregator websites, as well as established international retailers opening stores in Australia. This threat is detrimental to David Jones as its weakness is its failure to keep up with technology and invest in its online store chain. In addition, David Jones is facing high and increasing funding costs. Nevertheless, there is still an opportunity for David Jones to be present in the new technologies distribution markets and appeal to online customers.

Founded back in 1914 in Victoria by George James Coles, Coles Supermarkets Australia Pty Ltd has undoubtedly developed and expanded over the century since its humble beginning. Starting out its early days as an average retail store selling groceries, Coles has now successfully become a well-established brand as well as having its name known to the majority of households throughout the nation. Looking at the rapid progress of the company, Wesfarmers, one of Australia’s biggest public company announced its purchase of Coles for 22 billion dollars and officially took control of the entire group’s retail businesses on the 23rd of November 2007, making it the largest successful take-over in the Australian corporate history yet (Peters, 2007). However, in terms of market share in the industry, Coles comes only in second place with 37 per cent of the $83.7 billion grocery sector losing out to Woolworths at number one with 43 per cent based on the analysis released (Morgan, 2014).

The Australian retail industry is experiencing significant changes in both macro and industry environments. Companies are required to improve customer service quality to retain customers as rivalry for customers is increasing due to the rising amount of online retailers. To meet this challenge, David Jones should expand into online retailing. Building customer loyalty will determine the viability of the transformation into a successful e-commerce company. Additionally, identification of stakeholders and their requirements are crucial in major organisational changes. To respond to changes in the external environment, David Jones should scale back

Bombardier is a family owned public corporation specializing in many different forms of transportation equipment. The company was founded in January 1942 by the late Joseph-Armand Bombardier. It is headquartered in Montreal, Canada.

The top two brands in terms of value sales in Australia in 2014 were grocery retailer giants Coles and Woolworths. Resulted due to the economies of scale of their mother companies, Wesfarmers and Woolworths, these 2 grocery retailers led total retail sales in 2014 by contributing 39% of overall retail sales. In 2014 Wesfarmers was ranked number one within Australia in terms of sales as a result of its good position in a wide number of niche, which further grew by venturing into new departments, such as home improvement. Somehow we can say this retailing industry is not so much of attraction for a business because of the growing competitions, but still as we see the growth and expansion of Aldi, we can say it is a good idea to invest in retailing

However over the next five years, industry revenue is estimated to grow by 1.2% per annum, reach $12.9 billion in 2016-2017. There will be an increase in competition as more international clothing retailers enter Australian market, increase trend of online shopping supported by strong Australian dollars and also strong market positioning of major domestic retailers. This situation will make the industry become more attractive but also there is higher risk of failure if the industry players do not have strong market position in the end (IBISWorld, 2012).

The Corporation was made in 2003, it is a Canadian documentary film written by University of British Columbia by a law professor Joel Bakan, and directed by Mark Achbar and Jennifer Abbott. The documentary examines the modern-day corporation. Bakan also wrote the book, The Corporation: The Pathological Pursuit of Profit and Power, during the filming of the documentary

This report will discuss the nature of ALDI, investigate the classification of ALDI, outline the responsibilities ALDI has to its stakeholders and explore the internal and external influences that have contributed to ALDI achieving business success within Australia. It will also evaluate the expansion of ALDI into Australia and give a recommendation of strategies that would be appropriate for ALDI to ensure future growth.

Our client, Boxes of Books, LLC (“Boxes”), is a retailer of animal-shaped boxes of children’s books. Boxes is comprised of three partners, Larry Lyons, Bobby Behr, and Tiger, Inc. (a C-corporation). Larry and Bobby are general partners while Tiger is a limited partner. The partnership split of capital, profits and losses are Larry 35%, Bobby 35%, and Tiger 30%. Tiger will contribute $600,000 per the partnership agreement.

The company is diversified business operation covers supermarkets and department stores. ; Home improvement and office supplies; coal production and export; chemicals, energy and fertilisers; and industrial and safety products (Wesfarmers Limited annual report, 2013). The company generated the majority of its income from the food retailing in Australia industry, which was contributed 41% to operating divisional EBIT. There are more than 2294 retail outlets across Coles, BI-Lo, First choice Liquor Superstore, Liquorland Vintage Cellars and Coles Express, and also operate some convenience stores to hardware and office suppliers, which include the brands of Kmart and Target. Currently, around 308 stores of target and 190 stores of Kmart are operated across Australia and New Zealand. Meanwhile, the company is operating a chain of over 210 warehouse stores of Bunnings and around 150 retail office supplies stores for Officework to provide home and garden improvements products and office supplies (IBISWorld, 2014).

Woolworths is a supermarket with 84% of group sales being in food and liquor. This outline focuses on the supermarket and food retailing operations of this company. Woolworths quickly established itself as one of the major players in the supermarket industry and has been rated as Australia’s premier retailer . Woolworths has annual sales of almost $45 billion and continues to expand and lift profitability despite significant competition and daily challenges. Woolworths’ core business focus is on customers, and seek to re-invigorate their products through investment in price, range, merchandise and quality. more on what woollies thinks its like blurb stuff Hollander’s thesis argues that over time retailers move from