Australian retailers reaped the benefits of Black Friday sales after hitting a sales record of $35.9 billion for November, according to the Australian Bureau of Statistics.
Tributes to advertising campaigns adorn Betts Group's Osborne Park office, an addition to the otherwise humble accommodation that suggests the business puts its flair into marketing its wares – dress and fashion shoes.
Revenue and profit at local independent food player Spudshed were boosted by pandemic-related buying, although Tony Galati’s company joined the ranks of those concerned about labour shortages.
Hit hard by four months of lockdowns last calendar year, national shoe retailer Betts Group has been buoyed by the positive market despite marking a loss for the year.
Automotive Holdings Group is facing legal action over claims it failed to disclose a simmering stoush before inking an $18 million takeover deal with European manufacturer KTM.
Property developer Jeff Leach has broadened his business interests with the opening a new medical centre in the CBD in partnership with former surgeon Eric Tan.
Retail spending was up 10.5 per cent in Western Australia in July compared to the same month in 2021, but most states substantially outperformed the west.
Wesfarmers boss Rob Scott has announced a “solid” full-year profit, and expressed concern about labour shortages and cost uncertainty affecting new investments, but is positive about next week's jobs summit.
Premier Mark McGowan says international factors are driving inflation, after Perth prices rose 7.4 per cent in the year to June, Australia’s highest rate.
Moves to lift the official cash rate show no sign of slowing, with the Reserve Bank indicating interest rates will need to be much higher to stop inflation.
Forrest-owned bootmaker R.M. Williams has enforced price increases across its range of lavish products as it grapples with rising materials costs and inflationary pressures.
Retailers will be fined for using plastic plates, bowls and drinking straws from today after the state government enforced a ban on single-use plastics.
