Stocks to watch on the Australian stock exchange on Friday, Sept 4:

MYR – MYER

WES – WESFARMERS

WOW – WOOLWORTHS

Retail spending has fallen for the first time in more than a year, dragged down by a drop in spending on household goods.

RIO – RIO TINTO

Mining giant Rio Tinto has outlined plans to cut more costs from its iron ore operations as it deals with falling prices.