Off to a good start: Wesfarmers

Wesfarmers – parent company of the Bunnings, Officeworks, Target, Kmartn and Coles retail chains – has announced its quarterly results, with alln categories showing modest growth for the start of the 2013 financial nyear. While news was positive, especially amid a difficult retail nclimate, none of the retail brands saw sales increases of more than 5 nper cent.

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n Leading the pack was Wesfarmers home improvement sector, namely nBunnings, which saw an increase in sales of 4.7 per cent for the nquarter, up to $1.8 billion. Discount retailer Kmart also saw a slight nboost, climbing 3.1 per cenReatil Biz – Read More. t to $956 million in sales. Retail Biz – Read More.

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