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Retail

Chart & Map Shop told to move on

Fremantle institution The Chart & Map Shop has been given 30 days’ notice to vacate the Collie Street property it has called home for 25 years, despite Prime Minister Scott Morrison last month calling for a moratorium on evictions.

Retail spending bounces back in February

Retail spending increased more sharply than expected in February thanks to a surge in spending on basic necessities in supermarkets and department stores.

KeepSpace keeping up with new orders

Perth startup KeepSpace has found its e-commerce packaging services in demand as government restrictions to limit the spread of COVID-19 cause retail stores and hospitality venues to close.

More shops close amid virus crisis

More Perth eateries are set to shut their doors in response to a weakened retail environment, particularly in shopping centres, while blinds retailer Kresta has announced it will close all of its showrooms across the country.

Webjet, Kathmandu announce capital raisings

Online travel agency Webjet will raise $275 million and retailer Kathmandu Holdings will raise $201 million, to deal with the impact of COVID-19 on their businesses.

Woolies hiring 20,000, others flag cuts

Woolworths is creating 20,000 new jobs to meet a surge in demand but the list of companies shutting stores and standing down staff continues to grow.

More retailers shut down in COVID-19 crisis

Just Jeans, Peter Alexander and Smiggle are among several Australian brands set to close their doors tonight due to the COVID-19 crisis, while commercial landlord Dexus has withdrawn its earnings guidance for 2020.

Michael Hill to close all 304 stores

Retailer Michael Hill International will close all 14 stores in Western Australia as part of its move to suspend operations nationwide, and in New Zealand and Canada, amidst growing COVID-19 concerns.

Wesfarmers unable to quantify impact

Wesfarmers has disclosed that nearly every part of its business has been affected by COVID-19, with Bunnings and Officeworks doing better while Target is suffering.

Uniqlo to open third Perth store at Karrinyup

Japanese fashion retailer Uniqlo will open its third Western Australian store in July as part of the redeveloped Karrinyup Shopping Centre.

Kosmic Sound offered lifeline

After going into liquidation in February, Kosmic Sound has been saved by South Australian business Dale Cleves Music Group, shortly after another iconic WA brand Jeanswest was also rescued.

Vegan cafe owner fined for underpayments

The former owner of Cloud Nine Vegan cafe in North Perth has been ordered to pay more than $33,000 in back pay and penalties following 24 breaches of the restaurant workers’ award.

Tiffany & Co opens $5m Raine Square store

High-end jewellery store Tiffany & Co has opened at Raine Square, the third of four luxury brands to shift from King Street to one of Perth’s newest shopping destinations.

Award winner pushes innovation

Incumbent 40under40 First Amongst Equals, Hannah Mann, says the award a year ago provided much-needed validation for her pharmacy business model.

Fashion Festival into liquidation

Creditors have opted to liquidate Perth Fashion Festival today, just days after festival director Tony Sage failed to sell down his Perth Glory soccer club stake; while the administrators had been unable to recover a debt owed to the company by industry body the Fashion Council WA.

Colette to close five WA stores

Fashion accessory chain Colette by Colette Hayman will close five of its stores in Western Australia, including both stores in the CBD, after the struggling retailer was placed into voluntary administration earlier this month.

Wesfarmers sells $1.1bn Coles stake

Wesfarmers has sold $1.1 billion of Coles shares, reducing its holdings of the supermarket chain to 10 per cent, while revealing $24 million of payroll problems during its half-yearly results released today.

Local retailer enters administration

Outdoor sports retailer Mainpeak has gone into administration after the local brand suffered continued financial losses.

Divergence and delusion

There are concerns the share market’s strength doesn’t accurately reflect the nation’s economic performance, or outlook.

Fashion retailer placed into administration

Fashion accessory retailer Colette by Colette Hayman, which has 15 stores in Western Australia and 126 across the country, has been placed into voluntary administration.

Retail outlook takes another hit

What Christmas gave to Australian retailers, the bushfires are taking away, but there could be worse to come for shopkeepers and shopping centre owners when the latest international trends wash up here.

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