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The Latest Breaking News from Wesfarmers

Wesfarmers posts $1.5b first-half profit

Wesfarmers has continued to grow sales in all but two of its divisions, as it prepares to wind up loss-making Catch.

AAP

Wesfarmers to close money-losing e-commerce site

Wesfarmers says the recent increase in Australian e-commerce activity had hampered growth prospects for its catch.com.au website.

AAP

‘At the mercy of employers’: retail workers’ wages languish as industry profits soar

While the sector’s earnings have increased sixfold, poor bargaining power has left its employees among the lowest-paid in Australia and most vulnerable to inflation

The Guardian - AU

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Woolworths says it has more than 40 competitors in Australia – we went looking for them

The supermarket giant cites specialist providers, convenience stores and online retailers among its rivals, but many seem well out of its league

The Guardian - AU

Homebase collapses into administration with thousands of jobs at risk

Future of 2,000 staff remains unclear despite the bulk of stores being bought by the homeware retailer The Range

The Guardian - UK

Miners dominate company tax list as others pay zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

AAP

Wesfarmers defends record profits amid cost crisis

Wesfarmers chair Michael Chaney is reclaiming the word "profit" as the parent company of Kmart and Bunnings reaps a record profit amid a cost-of-living crisis.

AAP

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The art of Kmart: why the discount retailer is thriving while rivals such as Big W struggle

After a years-long transformation, Kmart Group is delivering supercharged profits for owners Wesfarmers, much to the envy and dismay of others

The Guardian - AU

Budget bliss as Kmart brand helps bag Wesfarmers profit

Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.

AAP

Wesfarmers Opposes Breaking Up Business, Citing Detriment To Australia

Wesfarmers highlights diversified operations, sustainability commitment, and long-term value creation at Macquarie Group Conference.

Top News

Aust shares hit 3-month high ahead of US inflation data

The ASX200 rose 0.5 per cent to finish at a 13-week high, with every sector rising except for mining, which was flat.

AAP

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The Guardian - AU

Kmart Group urged to join industry textile recycling scheme or face regulation, government says

Group which owns Kmart and Target has not signed up to initiative that would impose 4 cent levy on garments to fund research

The Independent UK

‘Merry Ham-mas’ bags pulled from Australian supermarkets

Kmart company apologises, saying ‘we clearly didn’t think through all implications’

Evening Standard

Australian store Kmart pulls 'Merry Ham-mas' Christmas bag after request from Jewish association

The chain said it 'clearly didn't think through all the implications'

AAP

Casual worker changes threaten jobs: Wesfarmers chair

Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.

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The Independent UK

Major Australian media outlet apologises for ‘racist’ full-page ad featuring Indigenous people

Ad shows Wesfarmers chair Michael Chaney handing money to Indigenous leader Thomas Mayo

The Conversation

Grattan on Friday: Linda Burney fills the Voice's in-tray, as the government battles to stop slide in yes vote

In a change of government tactics, Linda Burney this week deployed a sheet anchor to tie the Voice to practical outcomes. At the same time, Opposition Leader Peter Dutton is weaponising the cost of living to flail it.

The New Daily

‘Significant earnings’: Kmart cashes in as shoppers hunt low prices amid cost-of-living crisis

Australian shoppers are flocking to discount chain Kmart as the cost of living crisis bites, with the company unveiling a big result.

AAP

Kmart and Bunnings help fuel bumper Wesfarmers result

Kmart and Bunnings owner Wesfarmers has hiked its dividend by 10 per cent after delivering $1.38 billion in profit on $22.6b in revenue.

AAP

Wesfarmers says trading conditions robust

Wesfarmers managing director Rob Scott has told shareholders sales growth at Bunnings, Officeworks and KMart has remained positive year-to-date.

The New Daily

Kmart’s winning production formula combats inflation as Target’s profits fall

Department store chain Kmart is changing how its products are made to combat rising costs for raw materials like cotton as inflation bites.

AAP

Wesfarmers lifts dividend, beats estimates

KMart and Bunnings owner Wesfarmers has delivered a better-than-expected dividend and forecast a strong outlook despite inflationary concerns.

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