Wesfarmers profit plunges 83pc
Profits from Coles and Bunnings have been swamped by $2bn in impairments linked to coal and the Target chain.
Profits from Coles and Bunnings have been swamped by $2bn in impairments linked to coal and the Target chain.
As pay arrangements at Coles come under the spotlight, more than the bottom line of the major retailers is at stake.
Bunnings would still dwarf a Mitre 10-HTH combo, but a tie-up would help them to take on the hardware behemoth.
The possibility of a Brexit-induced recession doesn’t bode well for Bunnings’ UK expansion, says BAML.
Bunnings chief John Gillam has launched a strident defence of his firm’s purchase of British retailer Homebase.
If Wesfarmers can turn Target around and Bunnings makes it in the UK, its structure will come under even more scrutiny.
Bunnings is refusing to countenance a Plan B if the pilots for its British Homebase venture fail.
Wesfarmers has recruited the former head of Woolies’ failed Masters chain to aid its UK hardware venture.
Bunnings’ expansion into the UK differs in important respects from Woolworths’ ill-fated Masters mess.
Bunnings’ rationale for its Homebase purchase explains the way it’s remaking the group’s operations.
Wesfarmers CEO Richard Goyder has defended Bunnings culling executives at British hardware business Homebase.
Wesfarmers has its work cut out for it in resuscitating sales at its newly acquired British hardware chain Homebase.
Employment growth brings with it a new gender problem.
The hardware chain has sent a safety memo to staff telling them how to deal with addicts affected by ice.
THE peak retail body representing Australia’s biggest retailers has come out swinging against Australia Post.
AUSTRALIAN capital city streets will this week echo to protesters chanting their detestation of Russia’s relentless takeover of Ukraine.
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