Retail

A Perth market operator has embraced Perth’s enthusiasm for ‘pop-up’ vendors by convincing the City of Subiaco to allow temporary shopfronts at a new event next month.

Western Australians are more likely to go online to find the best deal and be influenced by user reviews when shopping online than any other state, according to new research by Bankwest.

Westfield's shopping centres owner Scentre Group has sold Singapore's sovereign wealth fund GIC a 49 per cent stake in five New Zealand centres worth a total $NZ2.1 billion ($A1.96 billion).

Wesfarmers has appointed Maya vanden Driesen to the position of group general counsel, putting her in charge of a national team of 42 in-house lawyers.

Sales at Westfield shopping centres in Australia and New Zealand have increased.

Shares in supermarket giant Woolworths have fallen in the wake of disappointing first quarter sales.

A solid lift in sales at Coles supermarkets and hardware chain Bunnings have pushed Wesfarmers' latest quarterly retail sales above $13.5 billion.

Cash Converters International is considering more acquisitions after an increase in personal loans and sales in its company-owned pawnbroking stores helped lift the quarterly revenue by more than a quarter.

Automotive Holdings Group has walked away from a potential sale of its Covs Parts business to Burson Group, which hoped to use the 25 stores as an entry into the WA market.

The owner of the successful Cannington shopping centre has made its development a priority as part of a $3 billion expansion push.

Wesfarmers says it will raise about $864 million through a bond issue under its Euro Medium Term Note program.

Retail property players say international fashion brands are only the beginning of the global onslaught.

After 10 years of limited development, Perth’s major shopping centres are expanding and evolving.

Retailers are increasingly trying to find a balance between having an online presence and getting shoppers through the door of traditional stores.

Coles has published a list of Asian factories behind its clothing range as part of the supermarket giant's bid to be more transparent.

Woolworths boss Grant O'Brien's annual pay has grown 10 per cent to $5.3 million.

Independent senator Nick Xenophon is worried Woolworths selling its 85 cent homebrand bread could spell a death blow to independent retailers.

Australia's competition watchdog is taking Woolworths Holdings to court for selling faulty matches, deep fryers and other products.

Colliers International has sold more than $50 million in retail property to date in 2014, with Northbridge’s Tyne Square the latest asset to change hands in a deal brokered by the commercial agency.

After four years of sliding profits, Myer boss Bernie Brookes hopes 2015 will be the year the department store turns its business around.

Two of the longest serving directors of Wesfarmers will step down from the board in November.

Charter Hall Group and hospitality industry super fund Hostplus have acquired 54 pubs and liquor stores from ALH Group, including the Hyde Park Hotel and the Dunsborough Tavern among several from Western Australia, in a sale and lease-back deal worth more than $600 million.

Shares in Kresta Holdings slumped today after its major shareholder, China-based Aplus, announced that it had fallen short of its required 90 per cent threshold for compulsory acquisition.

The operator of Westfield shopping centres in Australia and New Zealand says it would consider selling partial stakes in some of its centres.

Perth's first 7-Eleven convenience store is set to be located in the inner city, with a development application lodged for fit-out and signage at the McNess Royal Arcade in the Hay Street Mall.

Woolworths has lifted its profit 8.5 per cent and is expects a moderate increase for the year ahead.

Window coverings manufacturer and retailer Kresta Holdings has reported a $1.4 million loss for the year ended June 30, down from $1.5 million net profit last year.

The controversial split of shopping centre giant Westfield has been an early winner, delivering shareholders a $4.5 billion gain in less than two months.

Westfield's new Australian spin-off expects continued income growth from its shopping centres as specialty retailers boost their sales.

Struggling clothing maker Pacific Brands is selling its workwear business to Wesfarmers Industrial and Safety, after write-downs and weaker profit margins blew its full-year loss out to $224 million.

Fuel supplier Caltex Australia will cut 10 per cent of its workforce over the next 12 months, axing 350 jobs as part of a company-wide restructure.

It’s been two years since the introduction of Sunday trading in the state and positive survey results from Curtin Business School found almost 60 per cent of Western Australians support the deregulation of retail trading hours.