Retail

Perth-based confectionary company Yowie Group has tapped investors for a $32 million capital raising to fund an expanded rollout of its product in the US market.

Myer has reaffirmed its full-year guidance despite subdued sales due to the warm start to winter.

Woolworths has declined to comment on a media report that it is a takeover target for private equity giant Kohlberg Kravis Roberts.

Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.

One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.

Wesfarmers’ resources division managing director Stewart Butel has decided to step down after 10 years in the role.

Woolworths' hefty investment in lowering grocery prices has failed to show any sign business is turning around, with the retailer's food and liquor sales declining 0.9 per cent in the third quarter after adjusting for Easter.

Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.

A US clothing company has made a $1.1 billion takeover bid for the owner of Australia's favourite underwear, Bonds.

Wesfarmers has flagged concerns that its discount retailer Target faces higher stock clearances and an ongoing decline in sales growth.

Supermarket giant Aldi has confirmed its first Western Australian shops will open on June 8, at Lakeside Joondalup Shopping City, Mirrabooka Square Shopping Centre, Kwinana Marketplace and Belmont

Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target’s half-year earnings and up to 10 people were involved in the collusion.

Wesfarmers has announced the resignation of Target managing director Stuart Machin, just days after it confirmed an investigation into accusations that supplier rebates may have artificially inflat

Malaga-based window blinds manufacturer Kresta Holdings has scaled back its executive team with three roles being made redundant, while its chairman has taken a big pay cut.

Wesfarmers has confirmed it is investigating accusations that supplier rebates may have artificially inflated Target's earnings.

Brookfield Multiplex will start work by the middle of the year on a $350 million expansion of Mandurah Forum, with the redevelopment to make the southern suburbs mall the sixth-biggest shopping cen

The expansion plans for Perth’s major shopping centres are gaining momentum, with Scentre Group’s Westfield Carousel, Westfield Innaloo and Westfield Whitford City likely to be the first to start work, near the end of 2016.

Woolworths will dump its 33-year-old Homebrand label after spending months narrowing the price gap with discount retailer Aldi.

Morrison designer Kylie Radford was last night announced as the fashion designer of the year at the Western Australian Fashion Awards.

Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.

Billionaire businessman Solomon Lew's retail investment arm, which includes Smiggle and Peter Alexander, has booked a strong jump in profit thanks to solid sales growth and new store openings.

Department store chain Myer has tightened its full-year profit forecast on the back of strong sales growth.

Wesfarmers managing director Richard Goyder, finance director Terry Bowen and non-executive director James Graham have sold a combined $12.1 million worth of shares, predominantly for tax purposes.

Western Australian retail spending rose 0.2 per cent month on month in January, to $2.8 billion, slightly below the national average of 0.3 per cent.

Ratings agency Moody's has cut supermarket giant Woolworths' credit rating by one notch.

Australia's largest payday lender, Perth-based Cash Converters International, has returned to the black and begun scaling back its troubled business in Britain.

Woolworths has appointed a new boss to revive the retail giant, hammered by weak earnings, stiff competition and its failed hardware chain Masters.

Shares in Wesfarmers have slumped after losses from the group's coal mines partly offset Coles' and Bunnings' strong gains.

Automotive Holdings Group has posted a solid half-year result with profit and revenue up, driven mostly by the company’s retail business but offset by its logistics divisions.

Automotive Holdings Group has won regulatory approval for the sale of its Covs Parts business after agreeing to retain four regional stores, and has also expanded its east coast operations through another acquisition in Melbourne.

Troubled streaming service Quickflix is trying to restructure shares in the company held by rival Stan and, it says, are blocking new investment.

Cash Converters International has secured a new $100 million loan with Fortress Investment Group to support the lender and second hand good retailer's future growth.