A $70 million property development planned for the Pilbara mining town of Newman has brought together a couple of unlikely bedfellows and, in the process, created uncertainty for some existing reta
New Myer chief executive Richard Umbers says the department store group has lost relevance with customers, suffering a 23 per cent slide in its first-half profit and downgraded its full-year guidance.
EXCLUSIVE: Shopping centre owner AMP Capital has lodged plans for a $600 million expansion of its Karrinyup mall, taking it to more than 113,000 square metres of total floor space and adding 150 apartments to the mix.
Woolworths has downgraded its full year guidance and announced plans to step up investment in its core supermarkets business after falling further behind arch rival Coles.
Diversified conglomerate Wesfarmers is upbeat on the outlook for its businesses after its flagship division, Coles, lifted its first-half earnings more than 7 per cent.
WA outperformed most states in December’s retail spending results, and with an interest rate cut and falling petrol prices, there are hopes of a retail revival.
Food and beverage operators are leading a revival for high street retail property, with Beaufort Street, Oxford Street and Albany Highway buzzing, and depressed centres Rokeby Road and Bay View Ter
Personal loan provider and pawn broker Cash Converters International issued $23 million in loans in December, a new record, as its online business continued to grow.
JB Hi-Fi announced a small slide in its first-half profit and forecast a flat full-year result, while outdoor clothing retailer Kathmandu lost a quarter of its market value after a warning of a first half loss led to a sharp drop in its share price.
A new report by Deloitte has found 37 of the world’s top 250 retailers are now operating in Australia, 23 of which have set up shop in Western Australia.
Perth company Audiofly is hoping to replicate strong export sales during the past three years with the opening of a new store and headquarters on King Street in the city.
Coles will pay $11.25 million in fines and costs but could end up paying more than double that refunding its suppliers, after a court agreed to the supermarket giant's settlement with the competition watchdog.
Shares in grocery wholesaler Metcash have dived 13 per cent after the IGA Supermarkets brand owner flagged a slide of more than 20 per cent in its full-year earnings.
Twenty years after Wesfarmers bought Bunnings in a contentious takeover, we reflect on the family that started one of Australia's biggest retail successes.