Michael Chaney’s return to Wesfarmers confirms his standing as the most influential company director in WA. Click through to see our listing of the 12 Most Influential company directors in WA.
Michael Chaney will take the role of chairman of conglomerate Wesfarmers when Bob Every retires at the company’s next annual general meeting in November.
Supermarket giant Aldi is facing headwinds on its plan to acquire and demolish the Hilton Fresh shopping centre and construct one of its own supermarkets on the site, with local residents and the City of Fremantle raising concerns over the design of the proposal.
Retail spending growth seems to be slowing a bit, but no more than might have been expected, and there is no good reason to expect the deceleration to continue.
Coles is taking full control of the supermarket chain's credit card business less than a year after announcing its financial services joint venture with GE Capital.
Myer could have a new owner by Christmas, with billionaire Solomon Lew and private equity groups engaged in a bidding war for the troubled department store.
A $70 million property development planned for the Pilbara mining town of Newman has brought together a couple of unlikely bedfellows and, in the process, created uncertainty for some existing reta
New Myer chief executive Richard Umbers says the department store group has lost relevance with customers, suffering a 23 per cent slide in its first-half profit and downgraded its full-year guidance.
EXCLUSIVE: Shopping centre owner AMP Capital has lodged plans for a $600 million expansion of its Karrinyup mall, taking it to more than 113,000 square metres of total floor space and adding 150 apartments to the mix.
Woolworths has downgraded its full year guidance and announced plans to step up investment in its core supermarkets business after falling further behind arch rival Coles.
Diversified conglomerate Wesfarmers is upbeat on the outlook for its businesses after its flagship division, Coles, lifted its first-half earnings more than 7 per cent.
WA outperformed most states in December’s retail spending results, and with an interest rate cut and falling petrol prices, there are hopes of a retail revival.
Food and beverage operators are leading a revival for high street retail property, with Beaufort Street, Oxford Street and Albany Highway buzzing, and depressed centres Rokeby Road and Bay View Ter
Personal loan provider and pawn broker Cash Converters International issued $23 million in loans in December, a new record, as its online business continued to grow.