Wesfarmers chief executive Richard Goyder has taken a substantial pay cut with a halving in his short-term incentive payments after a year in which his Coles-owning conglomerate took a hefty hit to profits.
Changes to the private label offerings at Woolworths supermarkets are a defensive response to the growing popularity of German discount retailer Aldi, but won't have the impact the retailer hopes it will, according to a Sydney business academic.
The Art Gallery of Western Australia has drawn on old supporters led by Wesfarmers and new partners like a robotics startup to help revitalise its activities.
PENALTY rates are a common frustration for many retail and hospitality businesses, but it's surprising to find they adversely affect even that most transient of enterprises – the food van.
Wesfarmers has announced plans to spend over $1 billion in the UK market after sealing a deal to buy the Homebase home improvement chain for $705 million and rebrand it as Bunnings.
Woolworths is abandoning its multi-billion dollar foray into the Australian home improvement market following years of losses, putting 7,000 jobs at risk.
Perth-based conglomerate Wesfarmers is poised to make its first major move outside Australasia, offering $A700 million to acquire the Homebase home improvement chain in the UK and revealing plans to develop a new Bunnings-branded business in that market.
Supermarket wholesaler Metcash has suffered a 12.7 per cent decline in underlying earnings as the food and grocery price war eats into its bottom line.
Wesfarmers' incoming chairman Michael Chaney will inherit challenging conditions in the conglomerate's industrial and resources division, but continued solid earnings from its retail businesses including Coles and Bunnings.
Pindan has won a contract to build the bulky goods development at The Shops at Ellenbrook, which forms part of the Insurance Commission of Western Australia's $800 million property portfolio that has been put to market.
Woolworths is taking a massive profit hit from its price war with Coles and Aldi, with the supermarket giant conceding that a recovery could be several years away.
Gas, tuna, and crayfish might not seem to have a clear connection, but there is a link – and it's one Jeff Kennett thinks might become a worry for local supermarkets and promoters of Australian food exports to Asia.
The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.
Wesfarmers has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.
Coles has avoided a public review by the consumer watchdog by offering to divest its freehold interest in a development in Perth's southern suburbs so it can operate a new supermarket nearby in Lakelands.
Western Australia's neighbourhood shopping centres are among the standout performers for retail asset sales across Australia, with six transactions this year totalling at least $112 million.
The Perth businessman who brought Dippin' Dots ice cream and Mad Mex restaurants to Western Australia is preparing to launch a high-tech solution to the growing problem of fuel theft.
