Retail

Watches of Switzerland has followed in the footsteps of Louis Vuitton and Tiffany & Co and has made the move from King Street to Raine Square.

Work to improve access for vendors at Yagan Square will get under way within weeks, new Lands Minister Tony Buti says, after the precinct suffered a wave of closures.

Investors in Westfield-owners Scentre Group have served a 'first strike' on executives' pay, after the company leaders produced a full-year loss and reduced final dividend.

Retail sales dropped 5.4 per cent in Western Australia in February, about seven times more than the national average fall.

The founders of Australian bespoke accessories brand The Daily Edited are locked in a court battle over hundreds of thousands of dollars' worth of personal expenses that were booked up to the business.

Premier Investments, owner of retail chains including Peter Alexander and Just Jeans, has defended not repaying $15.6 million in JobKeeper assistance after reporting an 88 per cent profit increase.

Snap lockdowns due to the coronavirus pandemic in Perth and Melbourne drove a fall in retail turnover in February.

Retail spending could grow 10.6 per cent this financial year in Western Australia, Deloitte forecasts, nearly double the national rate.

The federal government has moved to protect car dealers from the power of global manufacturers by increasing fines under the Franchising Code to as much as $10 million.

Retailer Myer has posted a massive lift in interim profit after a surge in online sales, yet investors were unimpressed and sent shares plunging on the ASX.

Growth in Western Australia’s internal economy was slower than most other states in the December quarter, while national output grew 3.1 per cent.

Harvey Norman continues to enjoy soaring sales through the pandemic after posting a 116 per cent rise in first-half earnings.

Afterpay is raising money to increase its stake in its US operations, on the same day it posted a first-half loss.

Relatively high confidence among shoppers and the continued drop in the unemployment rate saw modest retail spending growth in the first few weeks of 2021.

More than 13,000 Western Australian jobs were lost in January, including 9,900 by women, according to new labour market data.

Wesfarmers managing director Rob Scott has called for a nationally consistent approach to quarantine and lockdowns as COVID-19-related buying boosted sales across the conglomerate’s retailers.

Reduced public transport use, international travel bans and flexible work arrangements have combined to lift underlying earnings growth at Carsales.com and prompt an increased dividend payout.

Super Retail Group, which owns BCF and Supercheap Auto, has reported a first-half profit increase of 201 per cent as Australians looked for leisure alternatives to travel during the pandemic.

Coles enjoyed soaring sales during the second half of last year, buoyed in part by customers being forced to stay at home during Christmas.

Home furnishings group Adairs has had a bumper first half and customers will see fewer discounts as the company tries to maintain sizeable profit margins.

Coca-Cola's European bottling arm has sweetened its final takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share.

JB Hi-Fi has posted record interim sales after customers scooped up the retailer's gadget and entertainment offerings during the COVID-19 pandemic.

Credit and debit card data has given an early indicator of how last week’s lockdown influenced spending in Western Australia, down 3.3 per cent against the same week in 2020.

Employers would be able to offer extra shifts without penalties to part-time workers doing eight hours a day under a proposal from retailers.

Retail sales were 14 per cent higher in WA in December than the same month in 2019, although they softened by 2 per cent compared to November.

Recently-listed candle retailer Dusk will pay back more than 1,500 current and former employees, following a payroll error.

Toilet paper, long-life milk and pet food have been among the most highly sought-after goods for Perth shoppers in the past 48 hours.

WA’s peak business body has backed the state government’s snap move for a five day lockdown, but the national retail industry association was less impressed.

Shares in Wesfarmers have reached a record high of $55.43 per share before closing at $55.25, up 1.7 per cent for the day.

Prices in Perth deflated 1 per cent in the December quarter, thanks to the government’s electricity credit, but there’s an underlying upward pressure.

Mark McInnes has stepped down as chief executive of Premier Investments, the company behind retail franchises Just Jeans, Peter Alexander and Smiggle.

Two retail groups which own the Supercheap Auto and JB Hi-Fi stores have reported bumper first-half earnings during the pandemic.