Tag: Retail

Westfield managing director Steven Lowy has this morning opened the first stage of the $1.2 billion redevelopment of Westfield Sydney located on Pitt Street Mall in Sydney’s CBD.

Woolworths joint venture with US hardware giant Lowe’s has been given planning approval by Victoria planning Minister Justin Madden for ten Woolworths hardware stores across Melbourne and in Ballarat.

September showed the first back-to-back gains for the Commonwealth Bank Business Sales Indicator (BSI) in ten months, a promising sign for retailers.

Vodafone Hutchison Australia, operating the Vodafone and 3 Mobile brands in Australia, will launch a new 3G mobile network on the same frequency as Telstra’s Next G network.

Woolworths sales for the September quarter are 4.1 percent higher on the corresponding quarter last year, with gross sales of $13.9 billion during the reporting period.

kikki.K, the ‘fashion stationary’ retailer established by Swedish born Australian entrepreneur Kristina Karlsson 10 years ago in Melbourne will open in Singapore’s Changi Airport next month.

Costco has blamed supermarket heavyweights Coles and Woolworths for slowing the retailer’s expansion in Australia, with chief financial officer and executive vice-president Richard Galanti claiming competition for bulk-goods retail sites in Australia was fierce.

Direct Factory Outlet founders David Wieland and David Goldberger are demanding an inquiry into ACCC chairman Graeme Samuel, The Australian reports.

Bunnings plans to spend $600 million in NSW over the next three years including a 20,000m² Bunnings Warehouse in Alexandria which will be the largest home improvement store in Australia, creating over 255 permanent jobs.

DFO’s Austexx is set to sell four of its nine DFO shopping malls to CFS Retail Property Trust as CFS seeks to raise $500 million in capital to complete the transaction, according to reports from people close to the matter in Bloomberg.