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Retail

Cash Converters flags restructure

Cash Converters International has announced a number of board changes, including the retirement of its chairman, and has commenced a review of the business as it responds to challenging market conditions.

Fashion industry developing opportunities

SPECIAL REPORT: Perth’s fashion sector is gradually making its mark by developing niche opportunities, despite growing international competition.

Extended holiday trading hours for Perth shoppers

Extended Christmas trading hours will apply again this year, with all general retail shops in the Perth metropolitan area able to open as early as 7am on weekdays and Saturdays.

Fels heads panel for 7-Eleven probe

Former head of the Australian Competition and Consumer Commission Allan Fels will lead an independent panel to receive and review claims involving underpaid staff by franchisees of 7-Eleven.

7-Eleven to investigate underpayment claims

7-Eleven says it will establish an independent panel to review franchise agreement terms, amid claims that staff have been underpaid by franchisees.

Kresta makes $2m loss but revenue up

Malaga-based curtains and blinds company Kresta Holdings has announced a half-yearly after-tax loss of $1.98 million for the six months to June 30.

Gucci to bail on Bontempos

Gucci is leaving its long-term tenancy on the corner of King and Hay streets, but fashionistas need not panic, with the luxury retailer simply moving to the other side of the street.

Wesfarmers creates industrial wing

Wesfarmers has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.

WA vehicle sales down

Western Australian automotive sales have gone against the national trend for the month of July, down nearly 13 per cent on those of July 2014, despite a national increase in sales.

AMP unveils $750m Garden City revamp

More progress has been made on the redevelopment of Garden City Booragoon, with AMP Capital lodging a development application for a $750 million revamp of the mall, which would make it the state’s lar

‘Old-school’ struggles in new retail economy

Empty shopfronts in some of Perth’s high-profile retail strips are a sign of WA’s wider economic malaise.

WA retail trapped in global net

Retail, not mining, has borne the brunt of the slowdown in Western Australia during the past 12 months, with a study of the state’s economy by the investment bank Goldman Sachs revealing a startling decline in retail jobs of more than 20 per cent.

$46m of industrial, retail sales

Bradken has sold its Bassendean engineering facility to Sydney property group Charter Hall in an off-market sale and leaseback deal worth about $32.8 million, while the Champion Drive Shopping Centre in Seville Grove has been sold for $13.5 million.

CCIWA says confidence down

Seventy-five per cent of local businesses and 56 per cent of consumers believe the economy will deteriorate over the course of the new financial year.

H&M sets date for Joondalup opening

Global fashion giant H&M says its first Western Australian store will open at Lakeside Joondalup Shopping City on August 29, while it also appears to be making progress on opening its planned CBD

Coles gets ACCC nod for Perth store

Coles has avoided a public review by the consumer watchdog by offering to divest its freehold interest in a development in Perth's southern suburbs so it can operate a new supermarket nearby in Lakelands.

Work starts on unique Newman shops

Retail tenants are showing strong interest in Newman’s $30 million new shopping centre, with construction starting this week on the joint venture between BHP Billiton and community charity St Bartholo

Devwest signs Aldi for new centre

EXCLUSIVE: Aldi is continuing to stake its territory in Perth, with Wattle Grove the next frontier for the supermarket giant.

Butcher finds a new home among the Gumtree ads

Narembeen is typical of many small Wheatbelt towns confronting challenges with an array of business and community development initiatives.

Adco starts work on Port Coogee shops

Work has started on the $21.4 million Port Coogee shopping centre, with national development group Australand signing Adco Constructions to carry out the build.

Culture Kings coming to Perth

Heralded streetwear retailer Culture Kings is opening a Perth store, signing a lease to take up space in the Hay Street Mall, in a deal brokered by Colliers International.

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