Wesfarmers reported overall strong retail sales results for the first quarter of the 2014 financial year with good performances delivered by Coles, Bunnings, Officeworks and Kmart.
After opening in New South Wales and Victoria, Costco is bringing the big box retail battle to Queensland with the opening of a store in North Lakes, north of Brisbane. With a number of other big box retailers nearby, the warehouse battle is just beginnin
Bunnings has been selling window blinds that failed to comply with mandatory safety standards.
Wesfarmers has lifted its net profit by 6.3 per cent for the FY13 due to a strong earnings achieved by its retail portfolio.
Wesfarmers is looking to free up cash to pay for new Bunnings store openings with the company today announcing plans for the sale and leaseback of 10 Bunnings Warehouse stores to an Australian property investment trust.
Both Coles' Ian McLeod and Woolworth's Tjeerd Jegen have made clear that they do not believe lowering the GST threshold is the key to improving retail competitiveness.
Hardware giant Bunnings has long been a key player in the home improvement space but since Woolworths-owned Masters Home Improvement entered the market it has changed things up. Or has it?
Bunnings is set to embark on an ambitious growth strategy in the coming years, with the hardware retailer planning to open more than 60 Bunnings Warehouse stores across Australia over the next three years.
Wesfarmers reported third quarter growth from all of its retail divisions, with Coles and Bunnings being the top performers.
Once again, Coles continues to drive Wesfarmers growth with the company reporting a 9.3 per cent increase in first half earnings.
Wesfarmers has recorded positive sales results for all of its retail businesses in the first half of the financial year.
Wesfarmers' acquisition of Coles in 2007 is paying off for the company as it continues to drive growth for the business.
A $207 million deal has been struck between the two companies to jointly acquire a number of retail properties.
Wesfarmers has announced its first quarter results for the 2013 financial year.
Choice recently conducted a Shadow Shopper survey for the top ten retailers in Australia to see how their customer service skills stack up against one another.
Coles has help driven Wesfarmers to a achieving a full-year net profit after tax of $2.1 billion, up 10.6 per cent from the previous year.
While sales did remain slow for Coles it did manage to creep above Woolworths in the third quarter results, recording sales growth of 2.7 per cent.
The retail giant reported a net profit after tax of $1.176 billion for the six months to December and excluding non-trading items it was $1.203 billion.
Wesfarmers has come out on top for the tenth quarter straight over rival Woolworths boasting Coles delivered a "record-breaking" Christmas.
Bunnings has come in the list of the top ten favourite household brands as recorded by Nielsen in the latest edition of Superbrands Australia.
Chief executive Richard Goyder said the company would continue to remain cautious about the retail environment as the company enters trading for the festive season.
Strong sales continue to be achieved by Coles and Bunnings despite consumer sentiment remaining subdued throughout the 2012 first quarter.
The Coles division delivered strong earnings growth of 21.2 per cent for the year, increasing earnings by $204 million to $1,166 million, which saw Wesfarmers achieve NPAT of $1.9 million.
Bunnings may have sausage sizzle stands outside its doors but Masters Home Improvement will have whiffs of French fries, Big Mac's and cheeseburgers coming from within its stores.
Coles reported a 5.3 per cent growth in food and liquor sales to $6.18 billion for the final quarter of 2010-11, which pushed full year comparable store sales up by 6.3 per cent to $25.02 billion.
The Australian property developer Watpac Limited has today announced the sale of 9,400 square metre property site in Brisbane to hardware chain Bunnings.
The Nielsen Company's Top Media Advertisers report found that the industry spent $2.18 billion on advertising in 2010, which is a 7 per cent increase from 2009.
Bunnings has beat retail rivals David Jones and Myer by scoring the People’s CHOICE award for best bricks and mortar retailer at the CHOICE Awards.
The opening of the Chatswood Warehouse forms part of Bunnings' almost two decade long network expansion plan that targets 16 to 26 new locations per annum.
Bunnings managing director John Gilliam has denied that the investment has anything to do with the entry of Woolworths into the hardware market.
The Bunnings Warehouse Property Trust will be expanding its portfolio with the acquisition of 10 Bunnings Warehouse stores and three properties.
In an environment marked by cautious consumer sentiment, widespread price deflation and unusually wet and cool weather on the east coast of Australia, which negatively affected consumer spending, Wesfarmers has still managed to succeed.
Coles has seen its food and liquor sales for the second quarter rise 6.7 per cent on the previous corresponding period to $7 billion following Wesfarmers' announcement of its second quarter retail sales results.
Woolworths has confirmed with Retailbiz that it has lodged a complaint with the ACCC over the behaviour of Wesfarmer's hardware retailer Bunnings.
IbisWorld predicts that thereâ€™ll be more than 300 retail superstores in Australia by 2015, generating $24 billion a year.
The company will purchase an 8.5-acre site, upon which it plans to build the chain's largest store.
Bunnings Property Management has acquired a Bunnings Warehouse in the suburb of Port Melbourne, Victoria.
Choice has recommended gift cards from Bunnings, Coles Group & Myer and Wish (Woolworths group) after finding that more than one in two of its members surveyed had a gift card expire before using its full value.
At the annual meeting, Richard Goyder, Wesfarmers managing director, said the positive result is underlined by Coles food and liquor comparable store sales growth of 6.2 per cent.
Coles has beaten its supermarket rivalry Woolworths with a 6.2 per cent growth in food and liquor sales of $6 billion in the first quarter.
The two retailers have signed on to offer customers a faster way to pay using their Commonwealth Bank debit or credit PayPass card when paying for items less than $100 without the need to sign or enter a PIN.
Wesfarmers' home improvement and outdoor living retailer Bunnings will be investing more than $600 million in 18 New South Wales metro and regional sites over the next three years.
Woolworths says it's on track to securing 150 sites within the next five years as part of its plan to enter the $24 billion plus hardware retail sector.
Wesfarmers has announced a net profit of $1,565 billion for the full-year ended 30 June 2010, up 2.8 per cent compared to the previous corresponding period.
Wesfarmers has announced its retail sales results for the fourth quarter and 2010 financial year.
Bunnings is investing more than $420 million to open at least 12 new stores in NSW over the next three years, creating more than 4000 new jobs.
Outdoor and DIY specialists Bunnings have this week made the move into cooking products, ranging ovens and cooktops from various leading brands.
Woolworth's announcement yesterday that it is entering the hardware market after acquiring Danks Holdings came as no surprise to some.
Wesfarmers Limited has announced a net profit after tax of $1.535 billion for the 2008/09 financial year, an increase of 44 per cent on the $1.063 billion reported for the previous year.
Despite an uncertain global environment, Wesfarmers says Coles sales are on track with total food and liquor sales up 7.6 per cent to $5.3 billion for the quarter to March.