Wesfarmers Triple Profit, Kmart & Target Slump
/
August 27, 2019
//0 Comment
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
Target, Big W & Kmart Tipped To Be Chasing Chasing Disney+ Store Deal
Retailers in Australia could get a big lift with the roll out of the Disney+ streaming service with Wesfarmers who own Target... Read More
Target Cut 80 Office Jobs Amid Premium Push
Target is reportedly axing 80 head office jobs, as the embattled department store seeks to lift its market profile towards a more... Read More
ACCC Green Lights Wesfarmers’ Catch Group Buy
The Australian Competition and Consumer Commission (ACCC) will not block Wesfarmer’s proposed $230 million purchase of online retailer, Catch Group, with market... Read More
Prime Day Pressure Hits Bunnings Price Beat Guarantee
Several Bunnings stores are promoting special ultra-low prices on its connected home range, as online sales (e.g. Amazon Prime Day) pressurise the... Read More
Officeworks Facing $10M Salary Hit To Bottom Line
New Officeworks CEO Sarah Hunter has already hit a turbulent patch with a $10M boost to take home pays set to hit... Read More
Wesfarmers Board Sniff Around German Retailers
Wesfarmers Chief Executive, Rob Scott, has taken the conglomerate’s Board on a ‘tour’ of German hardware chains, reportedly gaining further insight into... Read More
Coles May Axe Hundreds of Jobs
450 executive roles at Coles HQ could be axed as new CEO Steven Cain aims to cut costs ahead of Cain’s first investor... Read More
Kmart & Target Downgrade Profit After Catch Acquisition
Wesfarmers has downgraded profit forecasts for the Kmart Group just hours after splurging $230 million buying Catch, an acquisition it hopes will... Read More
Major Expansion Plans For Officeworks, Connected Home & Education
Retail conglomerate Wesfarmers has announced a major expansion of their Officeworks operation with the retailer set to expand into the Connected Home,... Read More
