S&P Delivers Positive Report For Wesfarmers Retail Stores
Following on from Wesfarmers’ strong earnings report for FY20, credit ratings agency S&P Global Ratings has announced that it believes the group... Read More
Bunnings & Officeworks Earnings Up 13%, Kmart Group Slumps
Wesfarmers-owned hardware giant, Bunnings, has reported a 13.9% jump in full-year earnings, contrast by a 23.5% decline in department store earnings for... Read More
Officeworks Tipped To Deliver Record Numbers Catch A New Contributor For Wesfarmers
Wesfarmers are tipped to report record revenues tomorrow across both Bunnings and Officeworks with some insiders tipping revenue growth at Officeworks of... Read More
Scentre Appoints Former Kmart CEO To Board
Scentre Group, which owns Westfield shopping malls, has appointed Guy Russo – a former Senior Executive of Wesfarmers Group – to its... Read More
Wesfarmers Shuts All Retail Stores In Melbourne For 6 Weeks
Wesfarmers has confirmed that it will close its retail stores in Melbourne for six weeks from midnight on 5th August, in line... Read More
Wesfarmers Bought Catch For $230M – It’s Now Worth $1B
In June 2019 Wesfarmers purchased Catch Group – which owns the ecommerce site Catch.com.au – for $230 million. Now, analysts and fund... Read More
Android Lends A Hand In Kmart
SYDNEY: Wesfarmers-owned Kmart is the first Australian retail group to deploy an Android Voice-based system that is claimed to guide store and... Read More
EXCLUSIVE: Winnings Not For Sale, Despite Knock On Door From Wesfarmers
Sydney based appliance retailer Winnings is not for sale nor will the online operation Appliances Online, be floated according to CEO John... Read More
Catch Sales Surge By 68.7%, Officeworks & Bunnings Also Soar
According to Wesfarmers latest trading update, Catch.com.au’s total sales in the second half of FY20 (up to 31st May) grew by 68.7%.... Read More
Wesfarmers Tipped To Lament $3.6B Target Hole
Wesfarmers-owned department store, Target Australia, is tipped to have accrued total write-downs, impairments and goodwill relocation of $3.65 billion since 2012 according... Read More