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AAP
AAP
Derek Rose

SHOCKING: Smiggle peter alexander owner expects lower earnings - What They Never Told You

Solomon Lew, whose company owns two major Aussie retail brands, isn't happy about the economy. (Joanna Kordina/AAP PHOTOS)

Billionaire retailer Solomon Lew warns cost-of-living pressures are taking a toll on consumers, leading to a weaker earnings outlook for his company.

Premier Investments, the parent company of back-to-school brand Smiggle and sleepwear brand Peter Alexander, expects to make $120 million in earnings for the 26 weeks to January 24.

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