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Retail

Retail sector feeling the heat

Analysis: The franchising model could become the latest victim of the pressure being heaped on the retail sector.

Wesfarmers to spin-off grocery giant Coles

Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.

Ausdrill into ASX 200

A number of local mining companies have moved up the stock market rankings, with contractor Ausdrill included in the S&P ASX 200 index, while South32 has been admitted into the top 20 as part of the market’s quarterly rebalance.

Costco plans $55m Perth warehouse

International retail giant Costco is planning to build its first Western Australian store at Perth Airport, located alongside the giant DFO Perth store currently under construction.

Woolworths pulls out of local liquor association

Woolworths’ liquor arm has resigned from the Liquor Stores Association of Western Australia, following the association's support for state government plans to restrict the growth of large liquor stores, such as Dan Murphy's and First Choice.

Cashies delivers on profit expectation

Cash Converters International has recorded an 18 per cent decline in net profit for the half year to December as the company transitions its business under chief executive Mark Reid.

Yowie tumbles on US competition

Shares in chocolate retailer Yowie Group dropped 21 per cent today after the company announced sales in the United States so far this quarter have been well down on expectations thanks to growing competition.

Online trade shifts hours debate

As part of the 25-year Business News anniversary, we take a look at how the retail trade debate has changed.

Wesfarmers strikes out on Homebase

ANALYSIS: Investors are taking note of Wesfarmers’ fraught foray into the UK hardware market.

Cashies boss to rebuild cred

One year into his new job, Cash Converters chief executive Mark Reid is on a culture change journey.

Stockland gets green light for new shopping centre

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

Innovation key for retail

New research paints a more optimistic view of traditional retailers’ future following the local arrival of Amazon.

Getting to grips with Amazon in the retail jungle

It may still be early days, but Amazon’s arrival in Australia has yet to damage the numbers for some high-profile traditional retailers.

$150,000 fines for Pastacup breach

The competition watchdog has had its first major win enforcing a new franchising code of conduct, with the Federal Court today fining Pastacup franchisor Morild and co-founder Stuart Bernstein $150,000 for a failure to disclose he had been a director of two insolvent entities.

More time to shop this Christmas

Perth’s shoppers will enjoy the same extended shopping hours as last year to buy presents and hunt for bargains, but employers want longer hours all year round.

Retailers becoming more positive

Western Australian retailers have a positive view of business conditions in the year ahead, according to a recent survey by the Commonwealth Bank of Australia, with one third expecting an improved market in the 2018 financial year.

Nothing off the table as Jesters bakes fresh plan

A new strategy, rebrand and expansion into different selling channels are all part of Robert West’s plan to revamp Jesters Pies.

No way to rebottle the retail genie

ANALYSIS: New retail arrivals continue to pile pressure on established operators, with Wesfarmers feeling the pain on several fronts.

Borgioli right at home on King Street

It was in the aftermath of a profoundly emotional moment that Terence Borgioli, then 23, decided to chase his dream of starting a luxury fashion business.

AHG buys up east coast franchises

Automotive Holdings Group has further grown its presence on the east coast with the acquisition of five franchised car dealerships in NSW for $8.5 million plus stock and assets.

Car sales shed August gains

New car sales in Western Australia dipped back into the red last month after showing rare signs of improvement in August.

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