GPT Group continues to face challenging conditions in its retail portfolio but believes its earnings growth guidance will be maintained of at least 5 per cent for the year to December 31.
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Woolworths announces departure of 22 years of board experience
Woolworths has announced the retirement of non-executive director Sir Roderick Deane and John Astbury, effective 31 August 2013.
Navigating an evolving retail landscape
Key retail professionals will gather at the Sydney Convention & Exhibition Centre on September 24, 2013 for the Retail Conference 2013.
Charter Hall seals deal on Bankwest Place
Charter Hall has partnered up with a super fund company to pay $458 million to a receiver for a Perth-based office building known as Bankwest Place.
GPT sells Erina Fair interest to Lend Lease
The GPT Group has sold off its 50 per cent interest in NSW Central Coast shopping centre Erina Fair to Lend Lease Investment Management for $397.1 million.
Traditional corner stores disappearing
While retailers in general are suffering, it’s the traditional corner store that is fighting a losing battle, according to BIS Foodservice’s Route Trade Market 2012 report series.
Traffic attraction: Top priority for 2013
Retailers are determined to drive more traffic to their e-commerce store in the new year.
Westfield may cut jobs
Shopping centre giant Westfield may cut up to 400 jobs from its global workforce of about 4,000 people.
Bidder for David Jones revealed
The company that has made a $1.65 billion takeover bid for David Jones has been revealed by a UK blog site as EB Private Equity.