At a time when bricks and mortar retailers are facing an online onslaught, and with just about every person on the street having a camera in their pocket, Camera Electronic is fighting back, opening a new store in the CBD.
West Perth-based Automotive Holdings Group has predicted the state’s automotive market will remain challenging in the short term, as the company reported a 20 per cent fall in net profit after tax in the six months to December.
OPINION: Everyone exposed to the Australian retail industry knows how tough conditions are, but what they might not fully understand is the extent to which a once-local industry is being blasted out of business by international competition.
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.