Shares in Coles Myer closed down 0.5% Tuesday at $13.33 Australian ($10.17). They hit a record $13.82 Australian ($10.54) last Friday after Coles indicated it had been approached.

Coles Myer declined to explain the reasons for the unexpected exit of Mr. Cain, 40 years old, who has been credited with helping revive profits at the Australian company's supermarkets and close ...

MELBOURNE, Australia -- Coles Myer Ltd. yesterday unwrapped plans to sell its Megamart electrical chain and possibly its larger Myer department-store business after both brands reported losses in ...

Coles is a leader in e-commerce food sales in Australia. Together with relatively low online penetration, the threat from online-centric competitors to Coles' core supermarkets business is manageable.

HONG KONG (MarketWatch) -- Australian retailer Coles Myer Ltd. gained nearly 12% Thursday after saying it had been approached regarding a possible takeover.

HONG KONG (MarketWatch) -- Shares of Australian retailer Coles Myer Ltd. were down slightly in Australian trading Friday after the company said it may be facing a new takeover bid from a second ...

He is a past Managing Director of food, liquor and fuel at Coles Myer, and advised Wesfarmers on its takeover of the firm in 2007. He notably led Coles during a rare period when it beat Woolworths ...

Coles Myer's hope to integrate the merchandising systems of its various retail brands is unlikely to happen before 2009, according to chief executive John Fletcher.Updating financial analysts on ...

In any case, Coles Myer is now more vulnerable to the predators, not less. I was too optimistic about the difference CEO John Fletcher would make with five-year plan mark 2.

Coles Supermarkets is forging ahead with implementation of the EANnet electronic product catalogue, a supply chain network expected to end the industry's reliance on paper-based ordering. Sean ...

Australian retailer Coles Myer Ltd. <CML.AX>, which last month rejected an A$18.2 billion (US$14 billion) bid from a private equity consortium, posted a weaker-than-expected 3.2 percent rise ...

AS THE first round of bidding for the Myer store chain nears its end, Coles Myer's strategy for extracting value from its under-performing business - and trying to insure against embarrassment ...