Brexit blow to Wesfarmers’ Bunnings UK pilot

 In Australia, Bunnings, Hardware, International, NewZealand

Britons’ vote to quit the European Union could weigh on Wesfarmers’ plan to test its Bunnings UK model as uncertainty and  predictions of a weaker housing market test consumer sentiment.
Broker JP Morgan said it could be more difficult to evaluate the success of its Bunnings UK model against the backdrop of a softer housing market and weaker consumer confidence. Sydney Morning Herald – Read more…

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