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.

Lowy senses retail storm

It’s hard to not admire Frank Lowy, either as founder and major shareholder of the Westfield retail property group or for the $6 billion personal fortune he has amassed after arriving in Australia as an impoverished European migrant in 1952.

Freo retail revival takes shape

The City of Fremantle’s push to revitalise its flagging retail scene is bearing fruit, with the first two recipients of the city’s new business-attraction incentive scheme set to take on long-term leases.

Surf stalwarts stay buoyant after carving product niche

FEATURE: Gath Sports and Creatures of Leisure are among a host of local surf companies to emerge during the 1980s and 1990s, all driven by their owners’ passion for chasing big swells and the lifestyle that entails.

MRA releases 312 William Street to market

The Metropolitan Redevelopment Authority is seeking offers for a prime retail property on William Street.

Lorna Jane set to open at Floreat

Fitness fashion retailer Lorna Jane is set to open its 14th store in Perth, signing a five-year lease at the Floreat Forum Shopping Centre.

Malone spearheads backdoor listing

Minrex Resources has agreed to a reverse takeover by private firm Skin Elements, a sunscreen and cosmetics company steered by former New Tel head Peter Malone and corporate advisor Luke Martino.

7-Eleven confirms Perth expansion

7-Eleven Stores has confirmed that it is expanding into Western Australia, as foreshadowed last month by Business News.

Franchise council criticises reforms

The Franchise Council of Australia has criticised planned federal government reforms, claiming there is inconsistency between Small Business Minister Bruce Billson’s stated intentions and draft changes to the franchising code of conduct.

Franchisors face fines

Franchise groups face fines of up to $51,000 for serious breaches of the Franchising Code of Conduct under draft reforms released today by the federal government.

7-Eleven heading west

A major international franchise chain is preparing the ground for an assault on WA’s retail convenience sector.

Retail pay boost riles industry

Industry groups have slammed the Fair Work Commission's ruling that 20-year-old retail workers should be paid adult wage rates, claiming it will destroy young Australians' job prospects.

Kresta CEO exits as company shake up continues

Kresta Holdings chief executive Jules Di Bartolomeo has left the company following a restructure under which the chairman of one of its major shareholders will be appointed as managing director.

Global brands target Perth CBD

Retail supply is at a premium in the CBD, and several overseas names are set to add to the space race this year.

Coventry Group warns of hard times ahead

Industrial parts and services provider Coventry Group has warned earnings growth will be slim in the second half of the financial year, after lodging a narrow net profit for the six months to December