Retail

Vacuum cleaner retailer Godfreys will shut its 13 stores in Western Australia among the mass of closures after no suitable buyers prevailed to save the troubled business.

Lender and second-hand goods retailer Cash Converters has announced it recorded a $9.9 million statutory net profit after tax during the first six months of the 2024 financial year.

Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.

ASX-listed Joyce Corporation generated $73.1 million in the first six months of the 2024 financial year, up 6 per cent from the prior corresponding period.

Administrators for vacuum cleaner retailer Godfreys say multiple leading retail brands and investment groups are bidding to buy the troubled business.

Woolworths Group chief executive and managing director Brad Banducci will leave the business in September after more than eight years in the role.

Geopolitics isn’t the only arena where US and Chinese interests are clashing, with the battle for e-commerce supremacy heating up.

Wesfarmers is preparing to sell spodumene into the market but doesn’t expect to make a profit, as it continues to ramp up its Mt Holland lithium asset.

Vacuum cleaner retailer Godfreys Group has entered voluntary administration, impacting about 15 stores across the Perth metropolitan area.

Monthly household spending increased by 4.6 per cent in Western Australia during November 2023.

Retail magnate Jim Kidd’s passing at the age of 70 leaves a 44-year-old sporting goods chain that has survived some of the toughest challenges the sector has faced.

Australians are tipped to spend more than $6 billion on Black Friday bargains, providing a boost to retailers grappling with a slow year of sales.

Andrew and Nicola Forrest have purchased Akubra to add to their ever-expanding rollcall of Australian business interests.

An interested party has submitted a proposal for financially troubled Catalano Seafood, as administrators from McGrathNicol tally its multi-million-dollar debts to creditors.

Western Australian retailers are pleading for a hardline crackdown on workplace attacks amid shock new data that reveals most shop attendants no longer feel safe at work.

Administrators have been appointed to diamond dealer Macabi Diamonds owned by Yoni Levy who saved prominent jewellery store Rosendorff from receivership in 2019.

The nation's retail turnover rate rose by 0.5 per cent in July while Western Australia recorded a fall of 0.4 per cent, according to the Australian Bureau of Statistics.

A fruitful year for Kmart and WesCEF have helped Wesfarmers post a solid result for 2023, as the conglomerate gears up for its first sales from lithium outfit Mt Holland next year.

Retail giant TK Maxx is set to open two stores in Perth as the global chain expands its presence in Western Australia.

Retail trade in volume terms fell for the third quarter in a row, the first time this has occurred since the global financial crisis.

Cash-strapped Australians are hunting multiple supermarket aisles in search of bargains amid a post-COVID cost-of-living crisis which has seen significant belt tightening by mortgage holders and re

Giving casual workers the right to become permanent employees will not affect business profits, the employment minister says, as the federal government seeks to shake up industrial relations laws.&

Australians are reining in their spending, although the unusually fierce start to winter weather prompted many to splash out on new warm clothes.

Western Australian jeweller Solid Gold Diamonds has debuted a $2 million piece containing one of just 12 deep pink diamonds unearthed from Rio Tinto’s closed Argyle mine.

The managing director of the WA conglomerate has told a forum in Sydney that Wesfarmers is open to more ‘bolt-on’ acquisitions following a string of expansion projects.

The costs of school and medical services in Perth have almost tripled over the past 20 years, as analysis by Business News reveals where households have been hit hardest by inflation.

Perth advisory firm Azure Capital has been mandated to find a new owner for national convenience store chain 7-Eleven, which is chaired by Perth-based Michael Smith.

Andrew and Nicola Forrest-owned boot retailer RM Williams will open a flagship store in the OneNinety building as a $10 million redevelopment of the precinct nears completion.

Natalie Sarich-Dayton feels the weight of running Australia’s oldest dairy.

The lower-than-expected December growth report has raised concerns about the state of the economy and its resilience to global challenges.

Household spending rose 1.6 per cent in Western Australia in the year to December, but the state’s economy overall barely grew.

Harvey Norman has posted a fall in interim earnings, but says the result still represents solid growth for the retailer, despite a cut in the dividend payout.