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Retail

AHG grows profit, revenue

Automotive Holdings Group has posted a solid half-year result with profit and revenue up, driven mostly by the company’s retail business but offset by its logistics divisions.

Revised Covs Parts sale approved

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.

City Beach next for IGA operator

Innovative IGA owner James Kelly will open his third 24-hour supermarket in July, signing up to be the anchor tenant at a redeveloped Boulevard Shopping Centre City Beach.

No sign of improvement in car sales

Western Australia started 2016 on the wrong foot with the number of new cars sold in the state already tailing the national average in January.

By click or by app, there’s no going back

Global retailers provided a rare bright spot in an otherwise subdued sector over Christmas, and the dominance of the online model is set to grow.

ANALYSIS: Wesfarmers aims to silence critics

The contrasting fortunes of the Bunnings and Masters hardware businesses reflect the broader performance of their relative corporate owners.

Woolworths underpins Coolbellup project

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.

Wesfarmers builds UK hardware base

For as long as I can remember, I’ve asked the Wesfarmers leadership when they would look at an international expansion.

Dick Smith sale brings buyers

More than 30 parties have shown interest in the assets of the collapsed Dick Smith retail business in Australia and New Zealand.

Short circuit at Dick Smith

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.

WA car sales lag nation's best

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.

Aldi rollout gathering steam

Aldi remains on track to open its first Western Australian supermarkets by the middle of the year, ramping up its recruitment drive while construction is under way on 14 stores.

ACCC knocks back Covs Parts sale

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.

Kresta signs $10.6m loan deal

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.

Slow progress on retail expansions

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.

Car sales still in low gear

Motor vehicles sales in Western Australia for the year to November are down 8.5 per cent on the same period last year, with sports utility vehicles the only part of the market that held up.

New player, big interior design statement

The opening of Furniture Gallery’s third store in Osborne Park in late October capped a busy 18 months for two sisters behind the rapidly growing new entrant to Perth’s interior retail scene.

Yowie signs Angry Birds deal

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.

Sadleirs wins Aldi contract

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.

Coal losses hurt Wesfarmers

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 record belies modest growth

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.

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