Wesfarmers Stores Seeing “Pent-Up Customer Demand”: CEO
Wesfarmers CEO Robb Scott has told shareholders that its retail businesses are well positioned to recover, with strong sales “demonstrating a level... Read More
Kmart On The Up, Revenue Nears $10 Billion
Kmart Group has enjoyed a strong year, with revenue up 8.3 per cent to $9.98 billion, as parent Wesfarmers looks to grow... Read More
Wesfarmers Hits All-Time ASX High
Wesfarmers has been trading at an all-time high today on the ASX, reaching $62.69 just after 11am, after opening strongly at $62.11.... Read More
Retailers Most Trusted Brands In Australia: Roy Morgan
Retailers are dominating the list of Australia’s most trusted brands, occupying fully half of the top ten spots in Roy Morgan’s latest... Read More
Target Commercial Model Reset Is Complete, Says Wesfarmers
Target is now a “smaller and simpler business with a significantly reduced fixed cost base,” according to Wesfarmers, who held a Strategy... Read More
Wesfarmers Chief Executive Applauds The Budget
Wesfarmers chief executive Rob Scott has welcomed the Federal Budget, highlighting the support for small-to-medium business investment, saying it “recognises the central... Read More
Target Finally Gets Traction But Still Behind Kmart
Kmart and Target have posted increased revenue and profits in the second half of 2020, with Target sales going up even as... Read More
Wesfarmers Profits Up 16.6%, Bunnings Tops $1 Billion
Retail giant Wesfarmers, which owns Target, Kmart, Officeworks and Bunnings, posted an impressive revenue increase of 16.6 per cent to $17.7 billion.... Read More
Owner Of Bunnings, Officeworks & Kmart Questioned Over China-Made Stock Levels
The head of Wesfarmers, the owner of Officeworks, Bunnings, Kmart & and Catch, has warned that any move to limit the acquisition... Read More
Kmart Calls In The Bots For New Home-Shopping Drive
MELBOURNE: Kmart Australia is looking to embrace augmented reality and artificial intelligence operations to power a system that promises to allow would-be... Read More