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Retail

Small business stays positive amid downturn

Discretionary spending usually takes a hit in a downturn, but some WA retailers and service providers are banking on a bright future.

Sales tightened for DVG in 2015

Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.

Shoppers flock to first Aldi supermarkets

Aldi has opened its first four Perth stores to much fanfare across the city, ending a three-year-plus wait for the German supermarket chain to touch down in Western Australia.

SUVs preferred as new car sales fall

New car sales in Western Australia dropped again last month, with a rise in SUV sales unable to counteract a slump in passenger vehicle sales.

AHG pays $24m for Mazda dealership

Car retailer Automotive Holdings Group has increased its east coast franchise portfolio with the purchase of a Mazda dealership in Melbourne.

Retailers needed to fill expanded malls

Shopping centre owners will need to fill 1,784 new shops by 2020, if an estimated $4.5 billion wave of mall development in Perth comes to fruition.

Aldi ready for big June opening

Aldi continues to gear up for the June opening of its first four Perth stores, with its $60 million distribution centre in Jandakot receiving stock and Western Australian producers lining up to supply

Yowie raises $32m to push US rollout

Perth-based confectionary company Yowie Group has tapped investors for a $32 million capital raising to fund an expanded rollout of its product in the US market.

Landlords pave way for global shops

Preparations are being made for international fashion giant H&M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.

Harvey Norman grabs part of Dick Smith wreckage

One part of the Dick Smith business has been snapped up by an entity affiliated with Harvey Norman, although employees will still need to wait for a liquidation process to receive overdue entitlements.

Wesfarmers' resources boss to resign

Wesfarmers’ resources division managing director Stewart Butel has decided to step down after 10 years in the role.

New outlet centre at Perth Airport

Perth Airport has partnered with national property manager Vicinity Centres to develop a $145 million 110-store direct factory outlet near the airport.

Four Perth Aldis to open in June

Supermarket giant Aldi has confirmed its first Western Australian shops will open on June 8, at Lakeside Joondalup Shopping City, Mirrabooka Square Shopping Centre, Kwinana Marketplace and Belmont For

Wesfarmers confirms Target scandal

Wesfarmers has disclosed that $18.1 million worth of supplier rebates had artificially inflated Target’s half-year earnings and up to 10 people were involved in the collusion.

Target MD resigns

Wesfarmers has announced the resignation of Target managing director Stuart Machin, just days after it confirmed an investigation into accusations that supplier rebates may have artificially inflated

Kresta slashes executive ranks

Malaga-based window blinds manufacturer Kresta Holdings has scaled back its executive team with three roles being made redundant, while its chairman has taken a big pay cut.

$350m Mandurah mall upgrade

Brookfield Multiplex will start work by the middle of the year on a $350 million expansion of Mandurah Forum, with the redevelopment to make the southern suburbs mall the sixth-biggest shopping centre

Movement on mall expansions

The expansion plans for Perth’s major shopping centres are gaining momentum, with Scentre Group’s Westfield Carousel, Westfield Innaloo and Westfield Whitford City likely to be the first to start work, near the end of 2016.

Morrison wins designer of the year

Morrison designer Kylie Radford was last night announced as the fashion designer of the year at the Western Australian Fashion Awards.

7-Eleven appoints new CEO

Former Skilled Group boss Angus McKay has been named chief executive of convenience store chain 7-Eleven, replacing Warren Wilmot who resigned from the role last September after revelations of franchise staff being underpaid.

Wesfarmers directors sell $12m in shares

Wesfarmers managing director Richard Goyder, finance director Terry Bowen and non-executive director James Graham have sold a combined $12.1 million worth of shares, predominantly for tax purposes.

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