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Retail

Cashies to bring in new CEO

Cash Converters International has appointed Bank of Queensland's Sydney-based group executive, Brendan White, as its new chief executive, starting in March next year.

Cott, Claremont show up Subi

Two retail strips in the heart of the western suburbs have reduced their vacancy rates during the past 15 months despite the rise of online shopping.

Scott embraces disruption at Wesfarmers

Disruption, a demerger and divestments are shaping Wesfarmers’ long-term approach to growth, managing director Rob Scott told last week’s Success & Leadership breakfast.

IGA owner loses Woolies appeal

The Supreme Court has dismissed a review application from the owner of the Canning Bridge IGA regarding a new Woolworths development in Mt Pleasant.

Bunnings UK sell-off still stings Wesfarmers CEO Scott

Wesfarmers chief executive Rob Scott says while decisions to sell out of Bunnings’ loss-making operations in the UK and Ireland, and to demerge supermarkets giant Coles, were easy in a commercial sense, the Bunnings move in particular proved taxing on an emotional level.

Perron Group set up for long haul

The late Stan Perron, who passed away last Friday after building a $4 billion self-made fortune, started preparing for his succession more than 25 years ago.

Continuity, diversity drive success

ANNIVERSARY SPECIAL: The ranks of WA’s largest public companies have changed dramatically over the past two decades, but Wesfarmers has been a constant near the top. This article is part of a special series to mark Business News' 25-year anniversary.

Woolies sells fuel stations in $1.7bn deal

Woolworths has announced the sale of its 540 petrol stations to UK-based EG Group for $1.73 billion, months after BP pulled out of a deal to buy the fuel business.

Tommy Hilfiger opens Perth store

International designer clothing brand Tommy Hilfiger has today opened its first full-price store in Western Australia, with a new outlet located in the Claremont Quarter.

Tipping point reached for retail

Opinion: Tough times continue for retailers the world over, as a combination of factors led by internet offerings ramp-up the pressure.

Shopping centres’ big sales

Several major deals in recent months mark a surge of activity in the shopping centre space.

Retail reward for Quick Flick

A retail deal with Priceline Pharmacy is the latest win for local makeup business The Quick Flick, which was launched last year by Perth university student turned entrepreneur Iris Smit.

SCA in $270m Perth shopping spree

Sydney-based SCA Property Group has purchased four Perth shopping centres for a combined $269.4 million as part of a larger deal with ASX-listed Vicinity Centres.

DVG owner expands to east coast

Three years after taking a majority stake in Perth company DVG Automotive Group, Japanese outfit IDOM has made its first move into the east coast car market, purchasing Melbourne-based Andrews & Wallis Motor Group.

Govt cuts back Christmas trading hours

The Chamber of Commerce and Industry of WA has lashed the state government’s decision today to reduce extended Christmas trading hours as applied last year.

Retail ructions amid slowing sales

Opinion: Retailers face ongoing challenges, as sluggish sales square off with pay problems and online competition.

Currency crises counted in dollars and sense

For every winner there’s a loser, and so it will be the case if the $A continues its downward trajectory.

Vicinity to spend $20m on WA solar

ASX-listed Vicinity Centres has announced it will invest about $20 million across three Perth shopping centres as part of the second stage of its national solar power project.

Can’t beat ’em, so join ’em

Opinion: A giant US retailer has embraced online sales and boosted its profit.

Reid resigns as Cashies improves profit

Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.

Forrest Chase developer wins legal fight

The $110 million redevelopment of Forrest Chase is set to proceed unhindered after the Supreme Court granted an injunction against the owners of a neighbouring cafe, who had blocked work by head contractor Lendlease by staying open all night.

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