Thursday, 24 February 2011

Region. Voluntary administration

Menswear chain Ed Harry, which has five outlets in Western Sydney, has been placed in voluntary administration, blaming the difficult retail environment. Ferrier Hodgson partners Martin Lewis and John Hart have been appointed voluntary administrators of the South Australia-based retailer Mr Lewis said the stores would continue to trade as usual while administrators assess the business's financial status and prepare for the first meeting of creditors on March 4. Unlisted parent company EDH Pty Ltd owns and runs about 130 Ed Harry menswear stores across Australia.


St Marys. Water education centre opened

The NSW government’s new Water Recycling Education Centre, in St Marys, has been officially opened. The centre uses state of the art education and training technologies to explain the role of water recycling in securing Sydney’s water supply. The centre, which is part of the $209 million St Marys Water Recycling Plant, .is designed for universities, TAFE colleges and high schools, professional and trade groups, and key community groups


Region. Group's sales momentum

Super Retail Group, with outlets across Western Sydney, such as, Supercheap Auto, BCF, Ray's Outdoors and Goldcross Cycles, has continued its sales momentum through a downturn for the retail sector and will push ahead with the opening of new stores this year. The company will focus on organic opportunities in 2011 - after paying $54 million last year to buy the camping group Ray's Outdoors - and the continued turnaround of its cycles business which has been hit by competition in the sector.