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Retail

Dick Smith investors plan class action

Shareholders in failed consumer electronics retailer Dick Smith are a step closer to taking class action against the business on the grounds they were misled about the company's profitability.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

More retail woes as Topshop hits the skids

The company operating Topshop's Australian stores has entered voluntary administration, becoming the latest in a list of retailers to stumble amid sluggish consumer spending.

Vicinity presses go on $100m Midland expansion

Aldi, JB Hi-fi and Harris Scarfe will anchor a $100 million extension of Midland Gate Shopping Centre, with construction to begin later this month.

Wesfarmers ends Officeworks IPO talks

Wesfarmers has decided against spinning-off its Officeworks stores via an initial public offering due to the market's current dim view of retail stocks.

National retail trade down 0.1% in March

Retail spending has slowed for a second consecutive month, official figures have shown, as consumers tighten their purse strings amid low wages growth.

Creatives trade on China links

North Fremantle-based fashion label Empire Rose is one of three local brands to have secured deals in China in recent weeks, following the Fashion Council WA's partnership with its Chinese counterpart.

Another big fall in new car sales

Western Australian car retailers will be hoping for better May numbers after new vehicle sales fell 12.7 per cent in April.

Harris Scarfe back, in Joondalup

Department store Harris Scarfe is back in Western Australia, ending more than 15 years' absence from the state's retail sector.

Woolworths ups food sales

Retail giant Woolworths has delivered strong comparable food sales for the third quarter in a sign it has wrested customers from arch-rival Coles.

Jetstar angered by 'worst airline' survey

Jetstar has lashed out at a passenger survey that ranked the Qantas-owned budget carrier one of the worst airlines in the world.

Perth-London Qantas flights on sale

Qantas today launched ticket sales for its new 17.5-hour, non-stop Perth-to-London service.

Coles sales growth shrinks further

Shares in Wesfarmers have fallen after the company unveiled a mostly weak third quarter for its retail businesses, including softer growth from its supermarket giant, Coles.

AHG buys Melbourne dealerships

Logistics and car retailer Automotive Holdings Group has acquired two dealerships in Victoria for $8.5 million plus stock and assets, in the same precinct where it is building a new Jaguar and Land Rover dealership.

More pain in new car sales

New car sales in Western Australia slipped another 3.8 per cent last month, dragging its performance for the year even further away from parity.

Muscleworx bulks up on private equity

Perth retail chain Muscleworx is poised for national expansion after buying its major competitor and securing backing from private equity investor Banksia Capital.

Myer move a portent of retail change

You don't have to be a retailing expert to sense the sea change under way in shopping, but what you might not appreciate is that the first shots have been fired in what could become one of the great Australian retail mergers, with Myer and David Jones becoming one business.

Hard-nosed realities of the hardware business

OPINION: Wesfarmers has received some positive news on its move into UK hardware, but things are less rosy for investors in the local property trust in which it holds a major stake.

Slow return for retail sales

A recent report by professional services firm Deloitte Access Economics suggests retail spending could be slowly picking up in Western Australia, with recent official data finding sales grew 0.3 per cent in January after seasonal adjustment.

GCS to work on Carousel redevelopment

Global Construction Services has received a $27.5 million contract for work on the first stage of Scentre Group's Westfield Carousel shopping centre redevelopment.

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