Retail

Shoe retailer Betts has posted a profit as it worked to rein in costs, but its annual report reveals negative net assets and falling cash reserves.

Podiatrist and business owner Rachael Ferguson has persevered through the pandemic, landing another retail deal for her new pain relief product.

Arts and books prove to be a winning combination at Paper Bird.

Woolworths has settled a wage theft claim worth about $300 million and pledged to pay more underpaid workers $50 million.

Wesfarmers has bolstered its chances of taking over Australian Pharmaceutical Industries after buying a 19.3 per cent stake.

Australia’s competition watchdog will not oppose Bunnings’ acquisition of specialist tile retailer Beaumont Tiles.

Perth’s Lester Group has agreed to purchase a Butler retail precinct worth an estimated $50 million, from Adelaide’s Axiom Properties.

Retailers in Perth’s Carillon arcade will need to close by the end of October as plans to redevelop the centre continue to face delays.

Wesfarmers looks like it may have sealed a takeover of Australian Pharmaceutical Industries (API) after an increased offer for all shares.

Retail giant Myer has returned to full-year profit and the turnaround may ease pressure on its embattled board members.

Retail property players are trying to keep pace with the structural shift in shopping habits accelerated by the pandemic.

Fortescue and Wesfarmers were among the Western Australian ASX 100 companies which provided the most comprehensive statements to the modern slavery register.

Perth retailer Daneechi Swimwear continues to carve a niche in a saturated market.

Growth in Western Australia’s domestic economy was the second lowest nationally in the June quarter, but state final demand was still 12 per cent larger than June quarter 2020.

DevelopmentWA was running blind on foot traffic data at Yagan Square during two key periods in the precinct’s operation and demise, documents obtained under freedom of information suggest.

Singaporean property developer Fragrance Group has purchased London Court for more than $28.3 million.

Harvey Norman has repaid more than $6 million in federal government JobKeeper wage subsidies following repeated lobbying.

Mark McGowan says he feels sorry about business failures at Yagan Square, while a process revealed by Business News in April to move market hall retailers to perimeter locations continues.

Journalist Matt Mckenzie talks to Cash Converters managing director Sam Budiselik about the company's financial year results, the subprime loan market, and use of machine learning.

Retail turnover has taken its largest dive for the year, falling 2.7 per cent in July.

Wayne Osborn has retired from the board of Wesfarmers and will be replaced by former Alcoa of Australia managing director Alan Cransberg.

Wesfarmers is planning a massive capital return to shareholder after a strong year, despite the coronavirus pandemic.

Woolworths boss Brad Banducci has baulked at mandatory coronavirus vaccination for staff despite the Delta strain posing the biggest challenge to maintaining profits.

Westfield shopping centres operator Scentre has swung to a half-year profit of $400.4 million as customer traffic rebounded when lockdowns eased in the first half of the year.

Coles is continuing to see sales growth slow in the first few weeks of the current financial year as trading returns to normal levels and as lockdowns in major cities drag.

The number of businesses collapsing in Western Australia fell by almost half in the 2021 financial year, matching decreases across the country.

Strong demand for home appliances and technology products has helped retailer JB Hi-Fi lift full-year profit and dividend.

Cheeky Brothers is scaling up production capacity after signing a deal with Coles.

There’s a growing dominance of SUVs in Western Australia’s car market, with sales of the vehicles almost triple those of passenger cars in July.

New figures show the negative impact a series of virus lockdowns have had on both retailing and the construction industry in recent months.

Priceline Pharmacy owner Australian Pharmaceutical Industries has rejected a takeover offer from Wesfarmers.

Rising fuel and rent costs have contributed to a spike in inflation in Perth, with prices up 4.2 per cent in the year to June.