Business
Shopping frenzy wanes for Bunnings, Target, Kmart, economist says retail’s ‘easy wins’ coming to an end – NEWS.com.au
Shopping frenzy wanes for Bunnings, Target, Kmart, economist says retail’s ‘easy wins’ coming to an end
Sales continue to pull back for Wesfarmers-owned retail giants, including cash cow Bunnings, as the Covid-19 shopping frenzy wanes and consumption returns to normal.The diversified conglomerate has been a huge beneficiary of Australians being housebound, unable to travel and left with little to do but finally undertake those home-sprucing projects they’d been putting off for years.
But in a strategy day briefing on Thursday, the group said its retail businesses had begun to “cycle the impacts of…
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