Wesfarmers results wrap: How the major retailers performed
Results reporting season continues with Wesfarmers today releasing sales figures for Target, Kmart, Bunnings and Officeworks. It was a mixed bag - Current.com.au takes a look at the performances across the board.
Thu 14/02/2013 12:00:00 / Read More »Aldi's expansion to the west puts electrical retailers on notice
Aldi is looking to expand its Australian store network, with the retailer set to invest $2.5b for new facilities in South Australia and Western Australia. With a strong offering of low-price appliances, electrical retailers may see increased competition.
Wed 13/02/2013 12:00:00 / Read More »Wesfarmers steady, but electrical and technology categories stall
Wesfarmers has released its half-yearly sales results for Bunnings, Target, Kmart, Officeworks and Coles. All businesses saw modest growth, but the company has flagged issues in the technology and electrical categories.
Wed 30/01/2013 12:00:00 / Read More »Wesfarmers partners with DHL to set up e-waste collection at Officeworks
DHL has signed up Wesfarmers as its latest partner in the National Television and Computer Recycling Scheme. As well as working with Target and Kmart for e-cycling, DHL will also set up e-waste collection at Officeworks sites nationally.
Wed 31/10/2012 12:00:00 / Read More »Wesfarmers starts the new financial year with moderate growth
Wesfarmers released its first quarter results for the new financial year today, with Bunnings, Officeworks, Target, Kmart and Coles all showing moderate levels of growth.
Thu 25/10/2012 12:00:00 / Read More »Wesfarmers results breakdown: Bunnings, Officeworks, Target and Kmart
Following the release of Wesfarmers' group financial results today, Current.com.au takes a look at the best performers and the company's analysis of the year.
Thu 16/08/2012 12:00:00 / Read More »Wesfarmers sales results show modest gains here, stagnation there
Wesfarmers released its yearly sales results today, with the company's home improvement and supermarket businesses growing by 6 per cent. However, Officeworks saw only modest growth, Kmart stayed flat, and Target declined.
Thu 26/07/2012 12:00:00 / Read More »Australian retailers need to improve communication skills
Australian retailers have a lot of work to do to improve their communication with stakeholders, according to a report into the corporate newsrooms of Australian publicly listed retailers.
Thu 05/07/2012 12:00:00 / Read More »Wesfarmers sees modest sales growth despite Target's slip
Wesfarmers - the parent company of Bunnings, Officeworks, Target, Kmart and Coles - announced its third quarter retail sales results today, reporting modest growth in all its main businesses, aside from Target.
Tue 24/04/2012 12:00:00 / Read More »The breakdown: How Wesfarmers' big 4 electrical retailers are faring
Following the announcement of Wesfarmers' half yearly results, Current takes a close look at the companies' electrical retailers: Officeworks, Target, Kmart and Bunnings.
Thu 16/02/2012 12:00:00 / Read More »Target & Kmart to suffer as consumers opt for specialty stores over discounts
Large mall-based retail chains such as Target and Kmart may face a difficult future as more consumers turn towards dedicated specialty stores for their shopping, according to a new report from Macquarie Equities Research.
Mon 06/02/2012 12:00:00 / Read More »Bunnings sales are up, but Masters is seeing bigger growth
The Bunnings hardware chain saw a 6.8% increase in sales over the last six months, but the retailer was outstripped by its biggest competitor, Masters, which posted a 16.4% jump in sales figures over the same period.
Thu 02/02/2012 12:00:00 / Read More »Target appoints new MD
Wesfarmers has announced the appointment of a new managing director, set to join the team following roles at Sears and Kmart in North America.
Wed 05/10/2011 12:00:00 / Read More »Nespresso Lattissima dances into stores and hearts at gala launch
Nespresso's key retail partners descended on Cafe Sydney last night for the one-of-a-kind launch of the Lattissima machine by De'Longhi.
Thu 18/08/2011 12:00:00 / Read More »Bunnings posts profits to boost Wesfarmers retail results
Bunnings owner Wesfarmers has today reported an 8.1 per cent rise in profit for its home improvement division in its third quarter sales results.
Wed 20/04/2011 12:00:00 / Read More »Retailers dominate advertising in Australia, Harvey Norman in top three
From 'yell and sell' to invasive online adds, the Australian advertising industry has experienced a substantial year on year increase with the big spenders nationwide including consumer electronics and appliance retailers.
Thu 31/03/2011 12:00:00 / Read More »Bunnings plays small part in parent company Wesfarmers' profit boost
Wesfarmers, Bunnings' parent company, has reported a 33 per cent profit rise for the first half of the financial year largely thanks to the flourishing Coles business.
Thu 17/02/2011 12:00:00 / Read More »Bunnings announces second quarter retail sales
Wesfarmers has today released its retail sales results for the second quarter, revealing steady growth in most divisions, while Bunnings appears to have dragged its heels over the first half thanks to wet weather and a challenging retail environment.
Mon 31/01/2011 12:00:00 / Read More »Bunnings' expansion exploding by the hectare
The homeware giant has acquired a huge parcel of land in the new 256-hectare Sydney Business Park in Sydney's outer northwest, bringing the trade network to 22 new locations for the year.
Tue 07/12/2010 12:00:00 / Read More »Retailer wrap: Harvey Norman posts positive results despite pessimism
The Thorn Group and Harvey Norman were the only two retailers to post positive results in today's listed retailer wrap.
Fri 03/12/2010 12:00:00 / Read More »Listed retailer wrap: Every Thorn has a rose
On the back of a solid profit announcement and the news that it is offloading its BigBrownBox online retail website, Thorn Group has had the best week amongst the seven major listed retailers.
Fri 26/11/2010 12:00:00 / Read More »Listed retailer wrap: DJs wins the week
Every Friday, Current.com.au will produce an update on how the seven major listed retailers performed across the week. It's a stable week to kick things off, with DJs the best of a steady lot.
Fri 19/11/2010 12:00:00 / Read More »Bunnings boom the centrepiece of Wesfarmers sales result
Target and Kmart may be only steady performers for Wesfarmers, but the focus is surely on Bunnings, which has experienced a huge jump in sales revenue for the 2010 Financial Year.
Mon 26/07/2010 12:00:00 / Read More »Huge growth at Kmart and Target
Wesfarmers has just released its half yearly results for the period ending 31 December 2009. Kmart and Target demonstrated the biggest improvement in the company's retail sector with EBIT increasing 105.3 per cent and 29.8 per cent respectively.
Fri 19/02/2010 12:00:00 / Read More »Wesfarmers net profit up 44% to over $1.5 billion
Wesfarmers has reported very successful results for the full FY08/09 period registering dramatic increases in net profit and revenue as Coles, Bunnings, Target, Kmart and Officeworks performed exceedingly well.
Fri 21/08/2009 12:00:00 / Read More »Coles and Target perform strongly, Kmart lagging behind
Wesfarmers has released its third quarter sales figures ending March 2009, on the retail side of things Coles and Target performed strongly increasing sales over the period but Kmart sales continued to be flat.
Tue 21/04/2009 12:00:00 / Read More »Wesfarmers recalls shocking hairdryers
Wesfarmers has today announced the recall of its electric hairdryers. Customers are advised they risk electric shocks if they continue to use these appliances.
Mon 20/10/2008 12:00:00 / Read More »Clive Peeters' new COO coup for group
Victoria-based retail group Clive Peeters has appointed 24-year retail industry veteran Gary Dunne to the role of chief operating officer, filling the position which has been vacant for nearly a year.
Fri 18/01/2008 12:00:00 / Read More »Gerry Harvey plans 100 OFIS stores within a decade
Gerry Harvey has revealed plans for up to 100 OFIS stationery stores across Australia within 10 years to break the stranglehold of Wesfarmers-owned Officeworks on the office supplies market.
Wed 21/11/2007 12:00:00 / Read More »
