Kmart sales look up as it sidesteps stimulus carnage

 In Australia, KMart, NewZealand

THE Coles supermarket division may get all the attention, but Wesfarmers’ other retail businesses are not doing too badly either.

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In a quarter when Woolworths’ market-leading discount department store reported a 10.2 per cent fall in comparable sales, the Wesfarmers-owned Kmart reported a gain of 1.1 per cent.

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And unlike the supermarket divisions, where Coles would need to lift annual revenue by no less than 48 per cent to match Woolies’ $34.7 billion, Kmart’s $4bn annual sales are comparable to Big W’s $4.3bn. The Australian – Read more…

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