Business
Wesfarmers warns of sales volatility at Bunnings, Kmart – Sydney Morning Herald
Wesfarmers has warned of volatile and negative sales at its major retailers as the company struggles to match the roaring growth seen through COVID last year.
Retail giant Wesfarmers has warned of volatile and negative sales at its major retailers Kmart, Target, Bunnings and Officeworks in recent months as the company struggles to match the roaring growth seen through COVID last year.
In a high-level trading update provided to investors ahead of Wesfarmers strategy day on Thursday, the Perth-based retail conglomerate said its retail businesses had seen significant volatility in its monthly sales growth.
Sales at Wesfarmers retail businesses such as Bunnings…
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