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Retail

WA car sales show first improvement in years

New car sales in Western Australia grew on a monthly basis for the first time in four years in May, but the upswing still falls well short of the slide in sales for the year to date.

CEO lunch with Michael Chaney

Business News sat down to lunch at Julio’s with Michael Chaney to discuss his career at Wesfarmers and beyond.

New target for remuneration

The salary package for Wesfarmers’ new managing director acknowledges the reality that many large companies pay big annual bonuses every year.

Nuheara links up with Bloom

Nuheara has entered into a retail partnership with Widex Australia for its IQbuds to be sold in Bloom Hearing clinics in Australia.

Relentless dismantling of traditional retail

ANALYSIS: The point of no return may have already been reached for bricks-and-mortar retailers struggling to compete with the online experience. 

Wesfarmers reshapes leadership, remuneration

Finance director Terry Bowen will become the third top Wesfarmers executive to retire from the Perth-based conglomerate in the space of 12 months, with the group announcing three senior appointments along with details of incoming managing director Rob Scott’s remuneration package.

AHG flags profit downgrade, write-downs

Perth-based Automotive Holdings Group will incur a $35 million write-down hit from the closure of some of its underperforming businesses, in response to the weak market for car retailers combined with recent regulatory changes by the corporate watchdog.

Vicinity presses go on $100m Midland expansion

Aldi, JB Hi-fi and Harris Scarfe will anchor a $100 million extension of Midland Gate Shopping Centre, with construction to begin later this month.

Creatives trade on China links

North Fremantle-based fashion label Empire Rose is one of three local brands to have secured deals in China in recent weeks, following the Fashion Council WA’s partnership with its Chinese counterpart.

Harris Scarfe back, in Joondalup

Department store Harris Scarfe is back in Western Australia, ending more than 15 years’ absence from the state’s retail sector.

Another big fall in new car sales

Western Australian car retailers will be hoping for better May numbers after new vehicle sales fell 12.7 per cent in April.

Perth-London Qantas flights on sale

Qantas today launched ticket sales for its new 17.5-hour, non-stop Perth-to-London service.

AHG buys Melbourne dealerships

Logistics and car retailer Automotive Holdings Group has acquired two dealerships in Victoria for $8.5 million plus stock and assets, in the same precinct where it is building a new Jaguar and Land Rover dealership.

More pain in new car sales

New car sales in Western Australia slipped another 3.8 per cent last month, dragging its performance for the year even further away from parity.

Muscleworx bulks up on private equity

Perth retail chain Muscleworx is poised for national expansion after buying its major competitor and securing backing from private equity investor Banksia Capital.

Myer move a portent of retail change

You don’t have to be a retailing expert to sense the sea change under way in shopping, but what you might not appreciate is that the first shots have been fired in what could become one of the great Australian retail mergers, with Myer and David Jones becoming one business.

Hard-nosed realities of the hardware business

OPINION: Wesfarmers has received some positive news on its move into UK hardware, but things are less rosy for investors in the local property trust in which it holds a major stake.

Slow return for retail sales

A recent report by professional services firm Deloitte Access Economics suggests retail spending could be slowly picking up in Western Australia, with recent official data finding sales grew 0.3 per cent in January after seasonal adjustment.

GCS to work on Carousel redevelopment

Global Construction Services has received a $27.5 million contract for work on the first stage of Scentre Group’s Westfield Carousel shopping centre redevelopment.

Retail labours under costs burden

OPINION: High fixed and labour costs are big barriers to a sustainable retail sector, as recent failures attest.

Shoppers keen for better retail hours

Moves to extend trading hours on weekdays and on Sundays could be a hit with voters, according to a recent survey conducted for the Chamber of Commerce and Industry of WA, with 59 per cent of shoppers keen for longer weekday trade.

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