Retail

Retail remains favoured asset class

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Strong population growth and a shortage of new supply are bolstering the state's retail property sector.

Wedding stationers not standing still

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Stationery vendors are adapting to a changing market driven by tech and cost-of-living pressures.

Retailers facing a crisis of confidence

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OPINION: Big retailers' struggles reflect the broader disquiet among investors and households.

Bunnings lifts Wesfarmers' profit

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A decision to drop prices on thousands of goods in the wake of household cost of living pressures helped the owner of Bunnings, Kmart and Priceline achieve another multi-billion dollar earnings

Woolworths' profit lifts 18pc

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Australia's biggest supermarket chain has boosted its annual profit by 18 per cent, despite a challenging economic environment that has strained household budgets.

Zempilas calls out Fiveight's Carillon delay

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State Liberal leader Basil Zempilas says the lack of progress with Andrew and Nicola Forrest's Fiveight on the $400 million redevelopment of Carillon City is holding Perth city back from its potential.

Bunnings’ $40m Dalyellup move knocked back

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A $40 million proposal to relocate Bunnings from Bunbury to Dalyellup has been knocked back by planning authorities, with a number of objections, including from builders Summit Homes, Scott Park and Dale Alcock Homes.

Perth-born Stax acquired out of receivership

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A private investor group backed by the owners of an e-commerce streetwear marketplace have struck a deal with FTI Consulting receivers to acquire Perth-founded retailer Stax.

Satterley buys Busselton retail project

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Major residential land developer Satterley has stepped further into commercial property development with the acquisition of the 24-hectare Home HQ Busselton project.

Green light for $70m centre

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A development panel has approved Windsor Knight's plan to build a shopping centre north of Perth, with the project estimated to cost $70 million.

Insolvencies mount for retail fashion

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A succession of insolvencies has highlighted the increasing pressures on the retail sector amid subdued discretionary spending, soft demand and growing cost pressures.

Green light for Costco’s $80m build

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Costco has cleared a planning hurdle to build its next warehouse in Perth's north, estimated to cost $80 million.

Barbeques Galore's IP, brands acquired

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Barbeques Galore's intellectual property, portfolio of brands and inventory has been acquired after the receivers closed the last of the 67 company-owned stores.

Linneys balances legacy, longevity

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Justin and Troy Linney are investing in the historic jewellery house after buying the business late last year.

Stax's collapse leaves orders in limbo

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Almost 13,000 customer orders remain unfulfilled from collapsed Perth-born retailer Stax Group, as liquidators estimate liabilities of almost $24 million.

Mandurah shopping centre sold for $6.3m

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A Chinese investor has bought Dawesville Shopping Centre for $6.28 million from a Singaporean company.

Rosendorff rebuts claims amid tax dispute

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Rosendorff Diamonds has rebutted reports of its administration after the director of its former owner company was involved in a tax dispute in the state's highest court.

Cumins set to retire as Cashies director

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Longstanding Cash Converters International executive Peter Cumins has announced he will retire as a director of the company next year.

Retailer Stax appoints liquidators

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The owners of Perth-founded activewear business Stax Group have moved to wind up the e-commerce-focused brand after it was placed into receivership.

Perth Airport unveils new terminal offering

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A refreshed retail and hospitality precinct at Perth Airport's main international terminal has reached completion, amid major works for the planned $5 billion expansion.

Scale of Betts' WA store closures revealed

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The scale of Betts' retail store closures has been revealed, with seven of its 11 Western Australian outlets set to shut, as administrators prepare to close 20 unprofitable locations nationwide.

ACCC blocks Coles’ Kalgoorlie bid

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The competition umpire has blocked Coles' bid to establish a new Kalgoorlie supermarket and liquor store citing the development would impact local retailers.

Growing a grocer for good

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A general store owned by the traditional owners of a historic Pilbara town is proving a test case for food security

Betts calls in administrator to close unprofitable stores

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Shoe retailer Betts has appointed an administrator to accelerate the closure of more than a dozen uneconomical stores nationwide in pursuit of returning the dynasty to profitability.

Gold heads US bonds as world’s top reserve asset

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OPINION: Central bankers are buying more gold amid a trust deficit in governments' ability to control inflation.

Barbeques Galore collapses, WA stores to close

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National retailer Barbeques Galore is set to shutter its 62 company-owned stores after a rescue deal from its owner and secured lender fell through.

Range seller probes Deloitte jump

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A peeved Range Ford seller seeks to probe into the recruitment of a star Deloitte adviser, a Supreme Court of WA judgment revealed.

Business backlash to budget changes 'to be expected'

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Most small businesses won't be affected by changes to capital gains tax, government ministers insist, despite criticism from the sector on the budget measures.

Perth retailer Boffins Books to close

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Independent Perth retailer Boffins Books will be closing its doors after 37 years, citing rising operational costs and a tightening economic environment.

Regent to acquire six Lane Group dealerships

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Tyson Sutton has moved to expand his automotive retailing empire with a deal to purchase Mandurah-based dealerships owned by Lane Group.

Panel approves $22m Woolies build

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A multi-million-dollar shopping precinct anchored by Woolworths has been approved, despite the local government's opposition.

Fraud-accused clinic owner sues competitor

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The owner of a Cottesloe beauty clinic, who is currently before the courts accused of fraud and stealing, is suing a competitor for defamation over social media posts and messages.