Big Box Retail

Rich lister Andrew Muir has sold off the last one of 15 The Good Guys retail sites for a cool $7.15 million.

A $500 million portfolio of retail homemaker centres is set to hit the market with properties up for grabs in Queensland and New South Wales.

A former Bunnings Warehouse site at Springvale in Melbourne’s south-east is to be transformed into a retail hub that will feature an Aldi supermarket and The Good Guys electronics store. The Bunnings site on Springvale …

German supermarket giant Kauf­land will leverage its considerable global muscle to introduce a market-leading fresh food and grocery offer in Australia that could threaten the dominance of supermarket leaders Woolworths and Coles, as well as newer players like Aldi and Costco.

US retail giant Costco has thrown down the gauntlet to its competitors in bulk purchasing by setting up a new distribution facility in Sydney’s western suburbs that could handle online orders in future.

US discount giant Costco has vowed to open at least one new store in Australia every year as it eyes a bigger slice of the retail market.

Regional Queensland has peeled off one of the year’s first sales of a Bunnings Warehouse, with a store east of Brisbane selling for more than $10 million.

Supermarket giant Costco is king of happy shoppers among Australia’s discount department stores, after winning research group Roy Morgan’s annual Customer Satisfaction Award.

Sentinel Property Group has offloaded a trio of homemaker centres across Australia in deals worth almost $90 million.