Wesfarmers CEO Sees Inflation As An Opportunity
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May 4, 2022
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Wesfarmers boss Rob Scott says that Australian consumers are in “relatively good shape” and that current inflationary pressures are an opportunity for... Read More
API Shareholders Support Wesfarmers Takeover
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March 18, 2022
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Wesfarmers look likely to takeover Priceline owner Australian Pharmaceutical Industries within the month, after shareholders overwhelmingly backed the Perth conglomerate’s $763m takeover.... Read More
Top Retailer Gives WA Premier Two Finger Salute As They Move East
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January 31, 2022
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Retailers are fed up with West Australia’s Premier Mark McGowan, no more so than Wesfarmers management, whose executives are moving Interstate to... Read More
Next Fortnight “Critical” For Aussie Retail
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January 18, 2022
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The next two weeks will be “a critical period for Australian retailers” according to equities analysts at Macquarie, with those businesses least... Read More
Wesfarmers Stores Seeing “Pent-Up Customer Demand”: CEO
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October 21, 2021
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Wesfarmers CEO Robb Scott has told shareholders that its retail businesses are well positioned to recover, with strong sales “demonstrating a level... Read More
Wesfarmers Acquire 19.3% Stake In Priceline Owner, In Bid To Take Over
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October 7, 2021
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Wesfarmers has hit back hard after Sigma Healthcare made a “more favourable” bid for Priceline owner, Australia Pharmaceutical Industries, buying a 19.3... Read More
Aussie Retail Cautious About Christmas Reopening
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August 30, 2021
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The CEOs of Wesfarmers and JB Hi-Fi are among those hoping for a retail reopening to make the most of a post-pandemic... Read More
Wesfarmers Triple Profit, Kmart & Target Slump
Wesfarmers has reported a 360% jump in [statutory] full-year profit buoyed by its de-merger from Coles – with strong performance from Officeworks... Read More
Wesfarmers Shares Soar After $4.2B Profit
Retail conglomerate, Wesfarmers, has post a whopping $4.5 billion interim profit, with shares soaring 5.75% after reporting the return of $1.1 billion to... Read More
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