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Wesfarmers downgrades Target's earnings
Wesfarmers has provided a dismal downgrade to Target's earning for the 2013 financial year.
Officework unveils Sydney concept store
Officeworks has opened its new city concept store in the Sydney CBD as a tenant of the newly completed ANZ Tower.
Coles, ISPT enter property joint venture
Coles has entered into a joint venture with ISPT, which will acquire a 75 per cent interest in an initial portfolio of 19 Coles-owned shopping centres.
Coles, Bunnings drive Wesfarmers
Wesfarmers reported third quarter growth from all of its retail divisions, with Coles and Bunnings being the top performers.
Target gets a new boss
Target MD Dene Rogers is leaving the company and will be replaced by Stuart Machin.
Jennifer Westacott joins Wesfarmers board
Wesfarmers has welcomed Jennifer Westacott to the board of directors.
Coles' growth benefits Wesfarmers
Once again, Coles continues to drive Wesfarmers growth with the company reporting a 9.3 per cent increase in first half earnings.
All-round positivity at Wesfarmers
Wesfarmers has recorded positive sales results for all of its retail businesses in the first half of the financial year.
Coles gets new finance director
Wesfarmers' current managing director of Wesfarmers Insurance will take on the role.
Local giants take on international retailers
Woolworths and Wesfarmers joins Deloitte’s top 20 retailers list.
Dematic awarded wireless warehouse rollout
Dematic has won Wesfarmers Industry & Safety Service Provider of the Year Award.
Coles drives Wesfarmers' growth
Wesfarmers' acquisition of Coles in 2007 is paying off for the company as it continues to drive growth for the business.
Wesfarmers, DHL set up e-waste collection
Under the National Television and Computer Recycling Scheme, a network of computer equipment collection points will be established at Officeworks.
Off to a good start: Wesfarmers
Wesfarmers has announced its first quarter results for the 2013 financial year.
Wesfarmers offers Seek co-founder director's job
Wesfarmers has offered the co-founder of job search site Seek Paul Bassat the position as director of the company.
Room for improvement: Wesfarmers
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.
Coles MD to stay on
Wesfarmers has extended Coles managing director Ian McLeod’s employment contract, which was initially signed for five years.
Coles beats Woolworths again
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.
Heavy discounting continues for Wesfarmers
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.
And the winner is... Wesfarmers
Wesfarmers has come out on top for the tenth quarter straight over rival Woolworths boasting Coles delivered a "record-breaking" Christmas.
Stockland sells land to Coles
Stockland has sold a 7.7 hectare block of land in Melbourne to Wesfarmers' Coles division for an undisclosed amount.
Wesfarmers cautious in lead up to Christmas
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.
Coles, Bunnings lead Wesfarmers to triumph
Strong sales continue to be achieved by Coles and Bunnings despite consumer sentiment remaining subdued throughout the 2012 first quarter.
Target's MD resigns
Launa Inman has announced her intention to step down as managing director of Target, one of Australia’s biggest retailers and part of the Wesfarmers Group.
Coles powers Wesfarmers' profits
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 beats Woolworths for the ninth time
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.
Coles, Bunnings lift Wesfarmers' sales
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.
JB Hi-Fi wins the heart of consumers
According to the 2011 Corporate Reputation Index, compiled by research consultancy AMR, JB Hi-Fi is viewed by Australians as having the best overall reputation based on strong perceptions around its products and innovation.
Retailers spend big on ads
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.
Wesfarmers soldiers on
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 out does Woolworths
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.
Aus brands make world retail list
Woolworths and Wesfarmers are the only locals that made it to Deloitte's Global Powers of Retail 2011 list of 250 largest retailers, which was based on their sales performance for the fiscal year 2010.
GST is not to blame
Assistant treasurer Bill Shorten believes Australian retailers are exaggerating that the low value threshold on imported goods is responsible for the tough Christmas period.
Coles boosts Wesfarmers' profits
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 outdoes Woolworths this quarter
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.
Bunnings steps it "up a notch"
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.
Wesfarmer director resigns
After 20 years with the company, David White has announced his resignation from the board of Wesfarmers as non-executive director.
Wesfarmers profit up 2.8%
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.
Solid sales performance for Wesfarmers
Wesfarmers has announced its retail sales results for the fourth quarter and 2010 financial year.
Wesfarmers appoints new director to the board
Wesfarmers has announced the appointment of Vanessa Wallace as a new director of the company.
Wesfarmers cautious about Q4 trading
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 appoints new director
Wesfarmers has appointed Wayne Osborn as a new director of the company.
Wesfarmers appoints new group general counsel
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.
New senior level appointments for Wesfarmers
Wesfarmers has appointed Diane Smith-Gander as a new director and Archie Norman as an advisor to the board on retail issues.
Wesfarmers profit increases 44 per cent to $1.5 billion
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.
Sales up for Coles, Bunnings and Target
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.
