Retail spending in Western Australia has hit its highest level on record, in seasonally adjusted terms, with September expenditure more than $2.8 billion; yet growth is well down from the heights of the boom.
Supermarkets giant Woolworths has placed two supermarket sites in Western Australia on the market, part of a national portfolio of neighbourhood shopping centres collectively valued at $180 million.
New retail trading laws for WA will affect businesses as varied as Bunnings, Masters, stallholders at short-term markets and even shops on Rottnest Island as the state government moves to widen trading hours and remove anomalies in current regulations.
Aldi’s $450 million expansion into Western Australia is gathering steam, with the German supermarket giant starting the recruitment process for 400 new staff, and construction under way at 11 of its 2
Western Australia's Caratti and Cardaci families have featured for the first time in BRW's rich families list, while the Buckeridge family has been ranked as the state's wealthiest.
Former iiNet boss Michael Smith has replaced Russell Withers as chairman of convenience store chain 7-Eleven, while chief executive Warren Wilmot has resigned following revelations the company’s franchisees had been underpaying their workers.
The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.
While storm clouds gather over office assets and land development comes off the boil, interest in retail property is building as investors look for somewhere secure to park their cash. Click through to see our list of WA's top 10 locally-based shopping centre owners.
Woolworths is expected to develop a supermarket on a site in Singleton, south of Golden Bay, where rival Coles was planning to build one of its stores.
7-Eleven founder and chairman Russ Withers says allegations of staff underpayment by franchisees have challenged all levels of the company, and substantial changes will be made to its business model.
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.
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.
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.
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.