Wesfarmers Claim Bunnings UK Could Have Succeeded
Wesfarmers has defended its failed Bunnings UK foray, asserting the expansion could have succeeded with time. Disclosed at its AGM yesterday, management... Read More
Coles Director Appointed New Officeworks MD
Wesfarmers has appointed former Coles Director, Sarah Hunter, as Officeworks’ new Managing Director, succeeding Mark Ward who will retire January 2019. The... Read More
Retailers Urged To Lift E-Commerce Spend To Fight Amazon
Analysts have warned local retailers to lift their e-commerce, data analytics and supply chain expenditure, in a bid to keep pace with... Read More
Wesfarmers Execs Suffer Falls In Remuneration
Some of Wesfarmers’ top division heads may have to curtail their lifestyles ever so slightly in the wake of less-than-stellar performances such... Read More
Costco Tops Discount Department Store Customer Satisfaction
Latest numbers from Roy Morgan rank Costco Australia’s leading discount department store in terms of customer satisfaction, narrowly beating rivals Target and... Read More
Analysts Forecast Bunnings Slowdown
Hardware giant, Bunnings, is forecast to post a decline in revenue and sales from Q4, driven by a housing market slump and... Read More
Wesfarmers To Open Data Analytics Centre For Retail Growth
Disclosed at its annual investors presentation, Wesfarmers has announced it’s ramping up digital capabilities, with several new data projects set to increase... Read More
EXCLUSIVE: Is Officeworks, K Mart & Target Up For Sale, New York Bankers Think So
Is Wesfarmers still thinking about selling Officeworks, K Mart and Target? according to New York based investors Wesfarmers still has a private... Read More
Wesfarmers Management To ‘Pay’ For Bunnings UK Flop
Wesfarmers CEO, Rob Scott, affirms management will ‘pay’ for their failed Bunnings UK foray, following the sale of its international arm to... Read More
Wesfarmers Sells Bunnings UK For Over $300M Loss
Following sluggish sales and significant losses, Wesfarmers has today announced its selling its Bunnings UK business to Hilco Capital, for a comparative pittance. The deal... Read More