Kmart & Target To Merge Operations As Market Conditions Impact Wesfarmers Business
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July 25, 2023
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The struggling Target discount retailer, which is owned by Wesfarmers is being rolled into Kmart, as the retail group looks to cut... Read More
Big W Pulls ‘Yes’ Call As Voice Campaign Gets Ugly
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July 21, 2023
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Big W says it will pull a recommendation to vote ‘yes’ in the upcoming Voice referendum following a complaint from customers. The... Read More
How Will Retailers Stack Up As Downturn Kicks In
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July 10, 2023
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As Australia’s leading analysts and fund managers scour the retail market for organization’s that can withstand a recession, or severe downturn UBS’s ... Read More
Wesfarmers Buys InstantScripts For $135m
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June 13, 2023
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Wesfarmers is bolstering its health offering by buying telehealth start-up InstantScripts for $135 million. The sale will be done through Wesfarmers-owned Australian... Read More
Catch Cleanup Will Drag OneDigital To $250M Loss
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May 30, 2023
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Wesfarmers is gutting and rebuilding recently-acquired online retailer Catch Group, in hopes their $230 million acquisition will soon stop bleeding losses. Since... Read More
Honeymoon Over For Retailers, Wesfarmers Boss Tells Investors
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May 30, 2023
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Wesfarmers’ CEO told investors this morning “the honeymoon is very much over”, after a freak period of low interest rates, government stimulus... Read More
Wesfarmers Chair Forecasts Further Rate Hikes, Inflation Woes
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May 29, 2023
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Wesfarmers chairman Michael Chaney has forecast more rate rises are in store, and that years of inflation are ahead. Chaney made these... Read More
Consumer Confidence Leaps 1.4%, Still At Historic Lows
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May 23, 2023
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Consumer confidence was up 1.4 per cent over the past week, but it remains at historically low levels. The ANZ-Roy Morgan Australian... Read More
OZ Consumer Electronics Spending Fell 16% In April
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May 22, 2023
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Australians are tightening their purse strings as the levels of inflation remain high and interest rates show no signs of easing. According... Read More
Bunnings Trials Four-Day Working Week
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May 22, 2023
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The country’s largest hardware retailer is set to trial a four-day working week for its employees. An agreement was reached between the... Read More
