Retail

WA-based shoe retailer Zomp has said it will close down in the coming weeks, 48 years after opening its first location in Trinity Arcade.

Losses to online shopping scams have surged during the COVID-19 pandemic, with Scamwatch now warning people to be cautious when buying their Christmas presents online.

Paul Lionetti has grown his property portfolio from a share in a single deli to around 30 per cent of Albany’s commercial district.

Retail sales rose by 1.6 per cent in October, helped by shops being allowed to trade again in Victoria after coronavirus restrictions were eased.

West Aussies had a huge boost in purchasing power in the year to June, and the state’s economy grew despite a small national drop.

A petition calling on the state government to put in place a range of measures aimed at reinvigorating Armadale's central business district and helping to address social problems in the area has be

Camera Electronic has defied the trend towards online shopping and will open its third store, on Hay Street, later this month.

Wesfarmers’ retail businesses have buoyed the group over the past four months, with online sales from Bunnings and Officeworks soaring as consumers spend more time at home.

Woolworths food sales jumped almost 13 per cent in the first quarter of this financial year, a result the supermarket giant says bodes well for the Christmas season.

A surge in demand during the COVID-19 pandemic has lifted revenue at Spudshed’s parent company by 24.5 per cent, though margins have been squeezed.

Myer chair Garry Hounsell has left the company after criticism from shareholders including retail kingpin Solomon Lew.

ASX-listed retail group Mosaic Brands has informed shareholders of plans to shut about a fifth of its stores, citing decreasing income from brick-and-mortar stores.

Coles has reported sales revenue rose 10.5 per cent in its first quarter, driven by Victorians stockpiling goods amid coronavirus lockdowns.

Perth prices rose 1.8 per cent in the September quarter, the sharpest lift since June 2006, after a big fall during the COVID-19 shutdown.

Riot! Art and Craft went into liquidation last week, reportedly dismissing staff via a text message as the business closed all 56 stores.

The recent buoyancy of consumer confidence has yet to be reflected in retail spending, which is down 1.5 per cent in September.

Afterpay and Zip have struck deals with Westpac and Visa to bundle their services, as payment providers expand and evolve with technology.

Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.

A further two businesses have exited Yagan Square, taking the number of departures to 10 since the precinct opened in 2018, as retailers face pressure.

Multinational retail discount store Costco has received development approval to open a second store in Western Australia, planned for Casuarina, within the City of Kwinana.

A $644 million package to credit electricity bills is a smart move to encourage spending, economists say, while recent retail trade data is strong for WA.

The owner of Just Jeans, Peter Alexander and Portmans has reported a 29 per cent rise in full-year profit, but says it may close more stores.

Retail spending fell across the nation in August, with Victoria recording a massive 12.6 per cent drop as the state's COVID-19 restrictions hit non-essential retail businesses.

Broome’s Chinatown Revitalisation to create a world-class tourism precinct in the Kimberley has been given the green light.

It will take a mix of planning, marketing and property redevelopment initiatives to resuscitate Perth’s ailing CBD retail market.

Certain pockets of the retail market have proved their value during the pandemic, and investors are taking notice.

The pandemic has accelerated existing issues and trends facing the retail property sector.

Five outlets at Yagan Square have shut their doors in recent months as the COVID-19 recession takes its toll on the precinct.

Retailer Colette by Colette Hayman will keep only a third of its Australian and New Zealand stores open after securing a new owner.

Myer has reported a full-year loss of $172.4 million after sales fell more than 15 per cent from temporary store closures due to the coronavirus pandemic.

WA’s domestic economy contracted 6 per cent in the June quarter, slightly better than national figures showing Australia is in recession.

Cash Converters has posted a $10.5 million loss, while chairman Stuart Grimshaw is the latest to leave the company.