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.
The second-hand car business was revolutionised 20 years ago with the arrival of the internet, but there is a second revolution under way that promises to be even more disruptive and could have a significant effect on some of Western Australia’s best-known car yards.
ASX-listed manufacturer Alexium International Group has signed an initial agreement to supply chemicals to a US homewares company for a new line of cool-touch pillows, in a move the company said could eventually generate revenues of $US10 million per annum.
Perth’s specialist street wear vendors are part of a global trend to acutely restrict supply of distributed and in-house labels – following in the footsteps of many luxury brands that use scarcity as a marketing tool.
Two well-known Leederville cycling businesses have hit differing problems this week, with retailer Riders Choice going into voluntary administration and accessory manufacturer Cycliq facing a regulatory speed bump on its path to an ASX listing.