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.
Oxfam is calling on Target Australia to pay compensation to the families of the victims and those injured from the Bangladesh factory fire in Gazipur that killed 10 people and injured an estimated 50 others on Tuesday 8 October 2013.
Visionary retailers are recognising there are a combination of factors contributing to their woes but they are beginning to see digital technologies as the key to future success rather than the enemy.
Despite several hurdles like a soft economic environment and price deflation in a number of categories, Wesfarmers remained at the top of its game.
Wesfarmers has lifted its net profit by 6.3 per cent for the FY13 due to a strong earnings achieved by its retail portfolio.
Kmart has become the first Australian retailer to publish the addresses of the supplier factories in all countries making its clothes, as it will allow independent checks of conditions for workers.
Retailers are being urged to sign a Bangladesh Accord on Fire and Building Safety that will assure people who work in Bangladesh factories making clothing garments are working in safe conditions.
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 has announced its first quarter results for the 2013 financial year.
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.
Kmart is replacing its local area network infrastructure across more than 180 stores, as well as its distribution centre and head office, to help lower operational costs.
Logistics systems supplier Dematic has completed the installation and commissioning of a conveyor systems at Kmart's new distribution centr in Melbourne.
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.
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.
Wesfarmer managing director Richard Goyser said the third quarter sales results were generally pleasing, despite that trading conditions were affected by macroeconomic conditions and natural disasters.
Construction is scheduled to commence in May 2011, and will comprise of a 50,036 sqm warehouse and 1,689 sqm of office space, hardstand area and additional hardstand expansion space.
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.
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.
David Jones surpassed Myer by a small margin with 32 per cent of respondents stating that Myer was the most trusted department store brand while DJs came out on top with 36 per cent.
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.
Wesfarmers has announced its retail sales for Q3 of the 2010 financial year. The Coles division reported solid sales growth in the period, while Kmart and Target showed mixed results and lower margins than in the previous corresponding period.
Wesfarmers has appointed commercial lawyer Paul Meadows as group general counsel. He will oversee all of Wesfarmers' legal matters and will serve as a member of the group's executive committee and leadership group.
Kmart Australia and Ted's Camera Stores in Australia are about to implement a new HP publishing solution to help improve in-store photo services and reduce carbon footprint.
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.
Kmart has selected Hewlett-Packard to provide retail publishing solutions across 184 stores in Australia and New Zealand.
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.