Retail

David Jones shares slumped to an eight-week low after the retailer reported that first quarter sales fell more than 10 per cent and confirmed expectations of a hefty drop in first half profit.

Shopping centre operator Centro has successfully jumped the first hurdle in its bid for a restructure at a series of meetings for securityholders to consider the move.

Petrol prices rose last week as fuel retailers held back from passing on falls in the wholesale price to motorists, an economist says.

A retail and restaurant development in the Town of Cambridge has sold to a private investor for $2.9 million, CBRE says.

The retail recovery continued to strengthen in October, posting the strongest gains since September 2009, according to new research from the Commonwealth Bank.

At $1,000 per bottle, it's Australian wine brand Penfolds' most expensive red at the time of its release, and the first customers to see the luxurious drop are in China.

Wesfarmers has hit back at critics worried that its Coles supermarkets are abusing market power by squeezing suppliers.

Wesfarmers shareholders have delivered a mild rebuke to their board of directors, delivering a protest vote against a new share options scheme but supporting the company’s remuneration report.

Myer is closing stores and reducing floor space as it strives to generate as much as 10 per cent of its sales revenue online.

Westfield Group says its shopping centre business is performing well despite a mixed sales performance in the three months to September.

Three Harvey Norman stores have been placed in the hands of administrators, two of them wholly-owned subsidiaries in Western Australia.

WESTERN Australia’s super-charged resources sector has provided little protection for retailers battling to overcome sagging consumer sentiment and a shift from spending to saving.

The owner of the Red Rooster and Chicken Treat fast food chains has reported its third successiuve annual loss, and also revealed the price it paid to acquire 40 CHOOKS stores.

Owner of fast food chain CHOOKS Fresh & Tasty, Steven Hansen, has sold the Perth-born franchise to Red Rooster and Chicken

EXPORTERS in Western Australia are concerned the fluctuating Australian dollar, dropping from record highs three months ago, is affecting their bottom line.

Western Australia’s big spenders are starting to flex their credit cards in anticipation of the opening of Perth’s very own Gucci store on June 12.

NICK Tana’s Australian Fast Foods, which runs the Chicken Treat and Red Rooster food chains, has reported a strong 48 per cent increase in net profit to $5.6 million for the year to June 2005.

GROCERY wholesaler Metcash Trading has pledged to sell all of the Action supermarkets across Australia to independent owners should it succeed in its

WITH the dust settling after its purchase by Peter Holmes a Court’s AA Co, Jester’s Jaffle Pie Co is making its long awaited move into the eastern States.