Retail veteran Solomon Lew has accepted a $210 million offer for his stake in Country Road, ending his long standoff with the new owner of David Jones.
The $2.2 billion foreign takeover of David Jones will go ahead, after the Federal Court approved the sale of Australia's oldest department store to South Africa's Woolworths.
Supermarket giant Coles is taking on the big four banks by offering customers the ability to pick up loans and other personal finance products at the same time as their groceries.
More than 176 years after its first store opened in Sydney, David Jones is passing into foreign hands after shareholders overwhelmingly backed a $2.2 billion takeover.
Former Toll Group executive Paul Ebsworth has been appointed chief operating officer of the Perth-grown auto retailer and logistics firm Automotive Holdings Group.
The share price of Perth industrial parts and services provider Coventry Group has risen 14 per cent following the announcement of a $21 million return to shareholder
Electronics retailer Dick Smith says its sales have grown in recent months, in stark contrast to several other major retailers who have been hit by falling consumer confidence linked to May's feder
South African retailer Woolworths has moved closer to seizing control of David Jones after its shareholders approved a $2.2 billion takeover of the department store chain.
Home loan approval numbers were flat in April, just shy of the 0.2 per cent rise the market had expected, figures from the Australian Bureau of Statistics show.
Kresta Holdings’ major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.
It’s hard to not admire Frank Lowy, either as founder and major shareholder of the Westfield retail property group or for the $6 billion personal fortune he has amassed after arriving in Australia as an impoverished European migrant in 1952.
Westfield Retail Trust (WRT) has warned its shareholders will be worse off if they reject a controversial merger plan with Westfield Group's Australian assets.
Westfield Retail Trust is in court to seek approval to conclude an investor vote on a controversial proposed merger with the Australasian business of Westfield Group.
The City of Fremantle’s push to revitalise its flagging retail scene is bearing fruit, with the first two recipients of the city’s new business-attraction incentive scheme set to take on long-term leases.
The retail sector appears to be suffering a hangover after strong spending over the Christmas period and is unlikely to bounce back any time soon, according to analysts.
Woolworths says it has terminated its relationship with one of its fruit and vegetable suppliers in Western Australia after it was alleged the supplier was linked to money laundering and harbouring illegal overseas workers.
Australia's consumer watchdog is taking Wesfarmers subsidiary Coles to court, accusing the supermarket giant of "unconscionable" conduct towards 200 food and grocery suppliers.
Myer boss Bernie Brookes says the department store giant is prepared for a potential drop off in consumer spending following this year's federal budget.
