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Retail

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.

No takeover approach: Myer

Myer says it has received no approach from prospective buyers following the huge buy-up that sent the department store operator's shares surging by almost 20 per cent yesterday afternoon.

Myer surges amid takeover speculation

Shares in Myer rose nearly 20 per cent during late trading on the Australian share market today on speculation that someone may be considering a takeover play for the department store operator.

Asic reviewing Harvey Norman's accounts

Two days after Harvey Norman rejected a claim that the Australian Securities and Investments Commission was reviewing its accounts, the retail giant has said the corporate watchdog is undertaking a "routine review".

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.

Old UK homes an opportunity for Bunnings

Old houses in Britain and Ireland are a key reason home improvement giant Bunnings expects its UK expansion to be a success.

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.

Retail labours under costs burden

OPINION: High fixed and labour costs are big barriers to a sustainable retail sector, as recent failures attest.

Shoppers keen for better retail hours

Moves to extend trading hours on weekdays and on Sundays could be a hit with voters, according to a recent survey conducted for the Chamber of Commerce and Industry of WA, with 59 per cent of shoppers keen for longer weekday trade.

SUVs still more popular in declining market

The pickup in the state's economy revealed in the latest GDP data hasn't flowed through to spending on new cars, with vehicle sales in February 13.7 per cent lower than the same month in 2016.

Customer focus keeps Camera Electronic in the picture

At a time when bricks and mortar retailers are facing an online onslaught, and with just about every person on the street having a camera in their pocket, Camera Electronic is fighting back, opening a new store in the CBD.

Profit down for auto dealer AHG

West Perth-based Automotive Holdings Group has predicted the state's automotive market will remain challenging in the short term, as the company reported a 20 per cent fall in net profit after tax in the six months to December.

Foreign players cement their footprint

OPINION: Everyone exposed to the Australian retail industry knows how tough conditions are, but what they might not fully understand is the extent to which a once-local industry is being blasted out of business by international competition.

Wesfarmers' diversity keeps it prosperous: Scott

Incoming Wesfarmers managing director Rob Scott, who will formally take his new job late this year, says the business will continue to thrive on the back of its diversity across markets.

Goyder to step down as Wesfarmers boss

Wesfarmers managing director Richard Goyder will step down this year after more than 12 years in charge of the company to be replaced by his deputy, Rob Scott.

Western suburbs supermarket named world's best

The Taylor Road IGA in Nedlands has won the accolade of best independent supermarket in the world, sharing the title with another IGA from South Australia.

Bunnings to close Morley, Mandurah outlets

At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.

Rough start for new car sales

New car sales in Western Australia have started the year on a sour note, with sales down more than 10 per cent in the first month of 2017.

Confidence key, retailers say

Local businesses aren't popping the champagne corks for an economic recovery just yet despite the latest data from the Commonwealth Bank showing a rise in transactions across a range of sectors during the Christmas trading period.

Aldi flags 14 more WA stores in 2017

German supermarkets giant Aldi says it will open 14 more stores in Western Australia this year, after the debut of 19 of its outlets in Western Australia in 2016.

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