Target

The downgrades to Kmart and Target department store sales and earnings that Wesfarmers announced ahead of its annual strategy briefing today is consistent with the depressed state of consumer [...]

Wesfarmers has bought the online retailer Catch Group for $230 million, and hopes to use the pioneering Australian company’s e-commerce prowess to help guide its department stores Kmart and [...]

Last year’s massive portfolio reshaping by new chief executive Rob Scott, the centrepiece of which was the demerger of Coles, always meant Wesfarmers’ shareholders would be far more exposed to [...]

Bunnings’ foray into the UK and Ireland has plunged deeper into strife, with parent company Wesfarmers writing down the value of its investment there by almost $1 billion.The retail conglomerate [...]

Retail giant Wesfarmers has reported a 27.6 per cent jump in full-year profit, but revealed a slump from its earnings powerhouse, Coles. The conglomerate said net profit after tax for the 12 [...]