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 has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.
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.
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
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.
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.
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 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.
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
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.
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.
Western Australia’s neighbourhood shopping centres are among the standout performers for retail asset sales across Australia, with six transactions this year totalling at least $112 million.
Perth-based scooter manufacturer and retailer Vmoto has received firm commitments for an $8.9 million capital raising to fund its various investment initiatives.
The Fair Work Commission has announced a 2.5 per cent increase to the national minimum wage to start from July 1, prompting fears it could worsen an already tough job market.
