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Retail

Administration, restructure planned for Fashion Festival

The entity which ran the Perth Fashion Festival for 20 years, before operations were passed to the Fashion Council WA, has entered administration owing $819,000, with owners Mariella Harvey-Hanrahan and Tony Sage planning a deed of company arrangement.

Profit rockets at Spudshed

Profit has more than tripled at one of Western Australia’s most prominent family businesses, which controls the Spudshed chain of retail stores.

Betts pulls on boots for recovery

Shoe retailer Betts Group has returned to profitability after cutting nearly 130 stores in the past two years, and chief executive Danny Breckler is confident the business is now on the right path.

Thomas awarded Kalgoorlie and Karratha contracts

Thomas Building has secured works at the $17 million Tambrey Shopping Centre - the first major retail development in Karratha in two decades - and been contracted to build the $6 million Kalgoorlie Renal Hostel.

Super Retail sales rise but margin dips

The owner of Rebel Sport and Supercheap Auto says like-for-like sales have increased 3.2 per cent so far this financial year, but promotions to attract cautious consumers have hit margins.

Unios wins Telstra business award

Wangara-based manufacturer of lights and fixtures, Unios Lighting, has been picked as the Telstra Western Australian business of the year, after growing from one person to 50 staff in six years.

Coventry Village installs 4,600 solar panels

Coventry Village in Morley has joined the list of Perth shopping centres to go solar, with the installation of a new 1.3-megawatt solar power system.

Another Wesfarmers payroll failure stings 6,000 workers for $15m

Less than a week after Bunnings admitted to underpaying workers due to payroll error, a second Wesfarmers division has said it discovered a payroll mistake, which has left around 6,000 workers underpaid to a total of $15 million.

Retail downturn more perfect storm than rent recalcitrance

SPECIAL REPORT: Landlords unwilling to budge on rents have been blamed for exacerbating Perth’s retail downturn, but leading leasing agents say the sector’s problems are substantially more complicated than the cost of tenancies.

Shopping centres meet the market

The $270 million redevelopment of Fremantle’s Kings Square is indicative of the experiential emphasis retail property owners are embracing across the city.

WA hospitality sector shows signs of resurgence

Western Australia has bucked the national trend and recorded a 0.6 per cent rise in retail spend for July, underpinned by gains in the hospitality sector, according to the latest data from the Australian Bureau of Statistics.

Retail, hospitality hit by rents, slow spending

The rate of business failures in hospitality and retail during the past year should be ringing alarm bells for decision makers.

Vicinity fined $45,000 for Galleria failure

The company that manages the Galleria Shopping Centre has been fined $45,000 after it was found guilty of failing to ensure safe access and egress for persons who were not its employees, after an explosion at Galleria in 2015 killed two men and left two others with severe burns.

Wesfarmers profit hits record, but mixed retail results

Wesfarmers has more than quadrupled its full-year profit to a record $5.51 billion, on the back of post-tax gains of $3.17 billion on the demerger of Coles and other divestments during the year.

AHG slumps to $233m loss

Automotive Holdings Group has suffered a loss of $232.6 million for the 2019 financial year, following major asset write-downs to its automotive and refrigerated logistics businesses during the period.

Tax, rate cuts lift retail confidence

ANALYSIS: A recent rise in share prices for listed retailers reflects some positive signs across the economy.

No pressure for new Rosendorff owner

Rosendorff’s new owner is keen to build on the legacy of one of the city’s best-known jewellery stores.

New car sales record first rise in 14 months

Sales of new vehicles in Western Australia bucked the national trend and rose by 5 per cent in July, primarily due to the sports utility vehicle (SUV) market segment, marking the first overall increase in monthly sales since May last year.

Signs of WA retail revival

A rebound in the local retail sector may be on the horizon, after Western Australia recorded the second largest rise in retail spending among states and territories, according the latest Australian Bureau of Statistics data.

Cashies forecasts FY19 loss

Cash Converters International says it expects a loss of between $2 million and $4 million for the 2019 financial year, largely due to a class action settlement in Queensland.

ACCC gives conditional green light to AHG takeover

The competition watchdog has accepted AP Eagers' proposed takeover of rival car dealer Automotive Holdings Group, on the condition AP Eagers sells its dealerships in Newcastle and the Hunter Valley region.

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