Retail giant Wesfarmers has experienced a marked bounce in sales since the federal election, adding to signs the change of government in Canberra has buoyed the household sector.
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Chief executive Richard Goyder said on Thursday he thought there had been an ”election campaign effect” – weaker sales late in the campaign followed by a recovery after the poll.
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”People like certainty, so I would say the last couple of weeks of the election campaign were softer. Since then, things have been much better,” said Mr Goyder, who runs the company that owns Coles, Bunnings, Kmart and Target. ”Whether that’s just a couple of soft weeks and a couple of strong weeks, time will tell.” Sydney Morning Herald – Read More.