Consumer products retailer JB Hi-Fi has flagged its first fall in earnings despite adding new stores, as the retail slump catches up to the seller of low-priced audio visual products.
One third of Fletcher Jones stores, including its Harbour Town outlet in Perth, will close and 61 staff made redundant as the administrators seek to save the clothing business through a sale.
A University of Western Australia report has found trading hours in WA should be fully deregulated, adding to a recent Productivity Commission report that also advocated deregulation.
Harvey Norman says it did not knowingly mislead consumers when it advertised 3D televisions in regional areas where such broadcasts were not available, although a court has found otherwise.
Commerce Minister Simon O'Brien says a level playing field for retailers is one step closer after the passing of new commercial tenancy legislation through state parliament yesterday.
Another global financial crisis may be on its way, according to Bunnings and Officeworks managing director John Gillam, but he claims tough times are nothing to fear.
Western Australia's retail sector recorded the highest growth in the nation in October, further evidence of the two-speed national economy, economists say.
The future of shopping centre owner Centro remains uncertain, with no sign of when a court will deliver its verdict on the company's restructure plans.
Myer has reiterated that sales this fiscal year will be flat and net profit will decline as much as 10 per cent because of the tough retail conditions.
David Jones shares slumped to an eight-week low after the retailer reported that first quarter sales fell more than 10 per cent and confirmed expectations of a hefty drop in first half profit.
Shopping centre operator Centro has successfully jumped the first hurdle in its bid for a restructure at a series of meetings for securityholders to consider the move.
Seven Group Holdings has upped its takeover bid for National Hire Group, after its initial offer of $3.00 per share was rejected by the target's major shareholder, Tasmania-based Caterpillar dealer
The retail recovery continued to strengthen in October, posting the strongest gains since September 2009, according to new research from the Commonwealth Bank.
At $1,000 per bottle, it's Australian wine brand Penfolds' most expensive red at the time of its release, and the first customers to see the luxurious drop are in China.
Wesfarmers shareholders have delivered a mild rebuke to their board of directors, delivering a protest vote against a new share options scheme but supporting the company's remuneration report.
WESTERN Australia's super-charged resources sector has provided little protection for retailers battling to overcome sagging consumer sentiment and a shift from spending to saving.
The owner of the Red Rooster and Chicken Treat fast food chains has reported its third successiuve annual loss, and also revealed the price it paid to acquire 40 CHOOKS stores.
EXPORTERS in Western Australia are concerned the fluctuating Australian dollar, dropping from record highs three months ago, is affecting their bottom line.
