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Retail

Traditional retailers embracing the internet

Retailers are increasingly trying to find a balance between having an online presence and getting shoppers through the door of traditional stores.

H&M set to move into Forrest Place

Global clothing giant H&M is set to enter the Western Australian market after months of rumour and innuendo, with the retailer understood to be about to sign a lease to move into the GPO Building

Primewest picks up Tyne Square for $9.05m

Colliers International has sold more than $50 million in retail property to date in 2014, with Northbridge’s Tyne Square the latest asset to change hands in a deal brokered by the commercial agency.

ALH offloads nine WA pubs in venue sell-off

Charter Hall Group and hospitality industry super fund Hostplus have acquired 54 pubs and liquor stores from ALH Group, including the Hyde Park Hotel and the Dunsborough Tavern among several from Western Australia, in a sale and lease-back deal worth more than $600 million.

Kresta shares fall on Chinese takeover lapse

Shares in Kresta Holdings slumped today after its major shareholder, China-based Aplus, announced that it had fallen short of its required 90 per cent threshold for compulsory acquisition.

Perth’s first 7-Eleven set for Hay St Mall

Perth's first 7-Eleven convenience store is set to be located in the inner city, with a development application lodged for fit-out and signage at the McNess Royal Arcade in the Hay Street Mall.

Kresta remains in the red after volatile year

Window coverings manufacturer and retailer Kresta Holdings has reported a $1.4 million loss for the year ended June 30, down from $1.5 million net profit last year.

Shoppers support Sunday trading: CCI

It’s been two years since the introduction of Sunday trading in the state and positive survey results from Curtin Business School found almost 60 per cent of Western Australians support the deregulation of retail trading hours.

Atlas to collaborate with Tina Arena

Atlas Pearls and Perfumes has announced a collaboration with Australian and French music icon Tina Arena.

Bonds buoyed by stagnant rates

Tight equity markets have opened the door to WA companies raising funds in other ways.

WA vehicle sales remain in the slow lane

New vehicle sales in Western Australia have fallen 8.1 per cent year on year, according to a report from the Federal Chamber of Automotive Industries.

Clarkson retail shop sells for $5.4 million

The former Clarkson Retravision store, which has been earmarked to become a First Choice Liquor outlet, has sold at auction for $5.4 million.

Mundaring next for expanding ALDI

Discount supermarket chain ALDI is ramping up its $450 million expansion into Western Australia, with plans set to be approved for a store in Mundaring this week, following approvals for Kwinana, Sout

New COO for AHG

Former Toll Group executive Paul Ebsworth has been appointed chief operating officer of the Perth-grown auto retailer and logistics firm Automotive Holdings Group.

Coventry shares jump on shareholder return plan

The share price of Perth industrial parts and services provider Coventry Group has risen 14 per cent following the announcement of a $21 million return to shareholder

Rick Hart sells second business

Long-time Perth retailer Rick Hart has sold his four-year-old Kitchen Headquarters business to Sydney based Winning Group for an undisclosed sum.

Zara to open at Booragoon in August

International fashion giant Zara is set to open its first store in Western Australia at Garden City Booragoon in August, ahead of its Murray Street mall outlet opening early next year.

Hype deal highlights retailer interest in Perth CBD

Sneaker retailer Hype DC will open a new flagship store at the entrance to Carillon City, which is emerging as a location of choice for national and international fashion retailers.

Retail revolution, customer evolution to hit big box

Government policy is forcing a shift in thinking for shopping centre developers.

Chinese group makes $35m tilt for Kresta

Kresta Holdings’ major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.

Mining slowdown hits new car sales

The effects of Western Australia’s mining slowdown has flowed on to the state’s car yards, with utility vehicles typically used on mine sites recording some of the heftiest falls in a declining new cars market.

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