Wesfarmers’ retail businesses have buoyed the group over the past four months, with online sales from Bunnings and Officeworks soaring as consumers spend more time at home.
ASX-listed retail group Mosaic Brands has informed shareholders of plans to shut about a fifth of its stores, citing decreasing income from brick-and-mortar stores.
Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.
A further two businesses have exited Yagan Square, taking the number of departures to 10 since the precinct opened in 2018, as retailers face pressure.
Multinational retail discount store Costco has received development approval to open a second store in Western Australia, planned for Casuarina, within the City of Kwinana.
A $644 million package to credit electricity bills is a smart move to encourage spending, economists say, while recent retail trade data is strong for WA.
Consumers in Perth are more confident than any other major capital by some margin, according to the latest ANZ Roy Morgan weekly consumer confidence data.
