Automotive Holdings Group has won regulatory approval for the sale of its Covs Parts business after agreeing to retain four regional stores, and has also expanded its east coast operations through another acquisition in Melbourne.
Woolworths is understood to have finalised a deal to open a new supermarket in the southern suburb of Coolbellup, which will underpin a $65 million apartment development at the former Coolbellup Hotel site.
The Dick Smith chain of technology and electrical goods shops is probably a poor example of the wider problems confronting retailing but its collapse this week is a reminder that the shake-out which has rattled the retail world over the past few years is far from over.
Car dealers in Western Australia will be hoping for a pickup this year, after the release of data showing a 7.9 per cent fall in new car sales in 2015 in WA, while the rest of the nation reported its best year on record.
The consumer watchdog has decided not to approve GPC Asia Pacific’s proposed $43 million acquisition of Automotive Holdings Group’s Covs Parts business on the grounds that it would substantially lessen competition.
Window blinds manufacturer and retailer Kresta Holdings has been provided with a CNY50 million ($A10.6 million) loan by its Chinese parent company to pay off an existing facility and expand its east coast manufacturing operations.
The recent approval for an estimated $450 million expansion of Westfield Whitford City has added to a long line of shopping centre redevelopments proposed in Perth, although ongoing economic uncertainty is casting doubt on how many will actually go ahead.
Investors have welcomed news that Perth-based confectionery company Yowie Group has signed a licensing agreement with the firm behind the popular Angry Birds franchise, to manufacture an Angry Birds-themed candy for the US market.
Western Australia’s oldest family-owned business has won a contract to provide local inbound freight transport services for German supermarket chain Aldi, which is planning to open its first Perth stores next year.
Wesfarmers' incoming chairman Michael Chaney will inherit challenging conditions in the conglomerate's industrial and resources division, but continued solid earnings from its retail businesses including Coles and Bunnings.
Retail spending in Western Australia has hit its highest level on record, in seasonally adjusted terms, with September expenditure more than $2.8 billion; yet growth is well down from the heights of the boom.