Wesfarmers

Latest stories

12h
WA Today
Coles, Woolworths look for growth as supermarket wars rage onmargins would suffer from its investment in cutting prices. The picture that e
Coles, Woolworths look for growth as supermarket wars rage on
WA Today / Posted 12 hours ago
margins would suffer from its investment in cutting prices. The picture that emerged from the release of Woolworths' and Wesfarmers' full year results this week is a dramatic rendering of how the relentless pursuit of lower prices has pushed both... Read more
63 related stories
12h
The Age
Coles, Woolworths look for growth as supermarket wars rage onmargins would suffer from its investment in cutting prices. The picture that e
Coles, Woolworths look for growth as supermarket wars rage on
The Age / Posted 12 hours ago
margins would suffer from its investment in cutting prices. The picture that emerged from the release of Woolworths' and Wesfarmers' full year results this week is a dramatic rendering of how the relentless pursuit of lower prices has pushed both... Read more
63 related stories
12h
Sydney Morning Herald
Coles, Woolworths look for growth as supermarket wars rage onmargins would suffer from its investment in cutting prices. The picture that e
Coles, Woolworths look for growth as supermarket wars rage on
Sydney Morning Herald / Posted 12 hours ago
margins would suffer from its investment in cutting prices. The picture that emerged from the release of Woolworths' and Wesfarmers' full year results this week is a dramatic rendering of how the relentless pursuit of lower prices has pushed both... Read more
63 related stories
12h
Canberra Times
Coles, Woolworths look for growth as supermarket wars rage onmargins would suffer from its investment in cutting prices. The picture that e
Coles, Woolworths look for growth as supermarket wars rage on
Canberra Times / Posted 12 hours ago
margins would suffer from its investment in cutting prices. The picture that emerged from the release of Woolworths' and Wesfarmers' full year results this week is a dramatic rendering of how the relentless pursuit of lower prices has pushed both... Read more
63 related stories
12h
Brisbane Times
Coles, Woolworths look for growth as supermarket wars rage onmargins would suffer from its investment in cutting prices. The picture that e
Coles, Woolworths look for growth as supermarket wars rage on
Brisbane Times / Posted 12 hours ago
margins would suffer from its investment in cutting prices. The picture that emerged from the release of Woolworths' and Wesfarmers' full year results this week is a dramatic rendering of how the relentless pursuit of lower prices has pushed both... Read more
63 related stories
19h
Sky News Australia
Weak company profits dampen recovery hopesby supermarket giant Woolworths, which reported a $1.23 billion loss, and an 83
Weak company profits dampen recovery hopes
Sky News Australia / Posted 19 hours ago
by supermarket giant Woolworths, which reported a $1.23 billion loss, and an 83 per cent plunge in full year profit for Wesfarmers, the parent company of Coles. A quieter-than-usual 'confession season' seemed to have given a mistaken impression... Read more
19h
Canberra Times
ASX slips as profit season peaks, eyes turn to Federal Reserveof the pain is over for the retailer's restructuring. Its shares did however ha
ASX slips as profit season peaks, eyes turn to Federal Reserve
Canberra Times / Posted 19 hours ago
of the pain is over for the retailer's restructuring. Its shares did however hand back some of its strong gains on Friday. Wesfarmers also lifted despite its profit plunge, and the consumer staples index ended 2.6 per cent higher, the week's best... Read more
4 related stories
19h
Brisbane Times
ASX slips as profit season peaks, eyes turn to Federal Reserveof the pain is over for the retailer's restructuring. Its shares did however ha
ASX slips as profit season peaks, eyes turn to Federal Reserve
Brisbane Times / Posted 19 hours ago
of the pain is over for the retailer's restructuring. Its shares did however hand back some of its strong gains on Friday. Wesfarmers also lifted despite its profit plunge, and the consumer staples index ended 2.6 per cent higher, the week's best... Read more
4 related stories
19h
Sydney Morning Herald
ASX slips as profit season peaks, eyes turn to Federal Reserveof the pain is over for the retailer's restructuring. Its shares did however ha
ASX slips as profit season peaks, eyes turn to Federal Reserve
Sydney Morning Herald / Posted 19 hours ago
of the pain is over for the retailer's restructuring. Its shares did however hand back some of its strong gains on Friday. Wesfarmers also lifted despite its profit plunge, and the consumer staples index ended 2.6 per cent higher, the week's best... Read more
4 related stories
20h
WA Today
ASX slips as profit season peaks, eyes turn to Federal Reserveof the pain is over for the retailer's restructuring. Its shares did however ha
ASX slips as profit season peaks, eyes turn to Federal Reserve
WA Today / Posted 20 hours ago
of the pain is over for the retailer's restructuring. Its shares did however hand back some of its strong gains on Friday. Wesfarmers also lifted despite its profit plunge, and the consumer staples index ended 2.6 per cent higher, the week's best... Read more
4 related stories
20h
The Age
ASX slips as profit season peaks, eyes turn to Federal Reserveof the pain is over for the retailer's restructuring. Its shares did however ha
ASX slips as profit season peaks, eyes turn to Federal Reserve
The Age / Posted 20 hours ago
of the pain is over for the retailer's restructuring. Its shares did however hand back some of its strong gains on Friday. Wesfarmers also lifted despite its profit plunge, and the consumer staples index ended 2.6 per cent higher, the week's best... Read more
4 related stories
1d
TheBull
CommSec Daily Report Fridayfrom Woolworths (WOW) and CBA are the biggest drags on trade. These falls are b
CommSec Daily Report Friday
TheBull / Posted yesterday
from Woolworths (WOW) and CBA are the biggest drags on trade. These falls are being largely offset by improvements from Wesfarmers (WES), Telstra (TLS) and packaging group, Amcor (AMC). The profit reporting season is drawing to a close,... Read more
1d
Lifehacker Australia
Night Mode Enabler Brings Back Android Nougat's Night Modebeen losing about $200 million a year, unlike main competitor Bunnings which is
Night Mode Enabler Brings Back Android Nougat's Night Mode
Lifehacker Australia / Posted yesterday
been losing about $200 million a year, unlike main competitor Bunnings which is a major contributor to profits at its owner Wesfarmers. Here's what went wrong according to Winning Appliances CEO John Winning. Android Nougat. For reasons mankind... Read more
1d
Lifehacker Australia
Why You Should Avoid Checking Email First Thing Friday Morningare on the line. The Masters business has been losing about $200 million a year
Why You Should Avoid Checking Email First Thing Friday Morning
Lifehacker Australia / Posted yesterday
are on the line. The Masters business has been losing about $200 million a year, unlike main competitor Bunnings which is a major contributor to profits at its owner Wesfarmers. Here's what went wrong according to Winning Appliances CEO John Winn... Read more
1d
Lifehacker Australia
Why The Masters Hardware Business Failedbeen losing about $200 million a year, unlike main competitor Bunnings which is
Why The Masters Hardware Business Failed
Lifehacker Australia / Posted yesterday
been losing about $200 million a year, unlike main competitor Bunnings which is a major contributor to profits at its owner Wesfarmers. Here’s what went wrong according to Winning Appliances CEO John Winning. John Winning, the founder of Appliances... Read more
1d
Australian Broadcasting Corporation
One Nation's Rod Culleton faces court challenge over eligibility for Senate seatbudget for Australia that this fellow knows what he's doing," he said. Senator
One Nation's Rod Culleton faces court challenge over eligibility for Senate seat
Australian Broadcasting Corporation / Posted yesterday
budget for Australia that this fellow knows what he's doing," he said. Senator Culleton is also being pursued by former Wesfarmers director Dick Lester for an order to pay $205,000, which Senator Culleton is appealing. Senator Culleton said he... Read more
1d
Australian Broadcasting Corporation
Market close: Shares led lower by resources, banksand owns Mitre 10, has agreed to buy Woolworths' Home Timber and Hardware busin
Market close: Shares led lower by resources, banks
Australian Broadcasting Corporation / Posted yesterday
and owns Mitre 10, has agreed to buy Woolworths' Home Timber and Hardware business. It jumped 6.3 per cent to $2.19. Wesfarmers, which owns Coles, added 2.4 per cent to $43.66. Flight Centre closed 0.6 per cent higher at $25.17, despite... Read more
1d
TheBull
Stocks fall under miner pressurenow is there some goods news coming through," Ms Lee said. Woolworths shares c
Stocks fall under miner pressure
TheBull / Posted yesterday
now is there some goods news coming through," Ms Lee said. Woolworths shares closed 95 cents higher to $25.17, while rival Wesfarmers gained $1.03 to $43.66. Amcor jumped 68 cents to $15.99 after the package group reported better-than-expected... Read more
4 related stories
1d
WA Today
Little reason to trust Woolworths board or managementby new chairman Gordon Cairns, was an effective admission that Woolworths could
Little reason to trust Woolworths board or management
WA Today / Posted yesterday
by new chairman Gordon Cairns, was an effective admission that Woolworths couldn't walk and chew gum at the same time. Wesfarmers could. Wesfarmers had demonstrated it had a better board and management team across its retail portfolio with only... Read more
5 related stories
1d
Canberra Times
Little reason to trust Woolworths board or managementby new chairman Gordon Cairns, was an effective admission that Woolworths could
Little reason to trust Woolworths board or management
Canberra Times / Posted yesterday
by new chairman Gordon Cairns, was an effective admission that Woolworths couldn't walk and chew gum at the same time. Wesfarmers could. Wesfarmers had demonstrated it had a better board and management team across its retail portfolio with only... Read more
5 related stories
1d
Brisbane Times
ASX slips as investors take profits$1.2 billion loss, the first in its history and slashed its dividend 54 per cen
ASX slips as investors take profits
Brisbane Times / Posted yesterday
$1.2 billion loss, the first in its history and slashed its dividend 54 per cent but fuelled hopes for growth. Competitor Wesfarmers' shares were also buoyant, rising 2.4 per cent and lifting the consumer staples index up 2.4, the day's best... Read more
4 related stories
1d
Brisbane Times
Little reason to trust Woolworths board or managementby new chairman Gordon Cairns, was an effective admission that Woolworths could
Little reason to trust Woolworths board or management
Brisbane Times / Posted yesterday
by new chairman Gordon Cairns, was an effective admission that Woolworths couldn't walk and chew gum at the same time. Wesfarmers could. Wesfarmers had demonstrated it had a better board and management team across its retail portfolio with only... Read more
5 related stories
1d
The Age
ASX slips as investors take profits$1.2 billion loss, the first in its history and slashed its dividend 54 per cen
ASX slips as investors take profits
The Age / Posted yesterday
$1.2 billion loss, the first in its history and slashed its dividend 54 per cent but fuelled hopes for growth. Competitor Wesfarmers' shares were also buoyant, rising 2.4 per cent and lifting the consumer staples index up 2.4, the day's best... Read more
4 related stories
1d
The Age
Little reason to trust Woolworths board or managementby new chairman Gordon Cairns, was an effective admission that Woolworths could
Little reason to trust Woolworths board or management
The Age / Posted yesterday
by new chairman Gordon Cairns, was an effective admission that Woolworths couldn't walk and chew gum at the same time. Wesfarmers could. Wesfarmers had demonstrated it had a better board and management team across its retail portfolio with only... Read more
5 related stories
1d
Sydney Morning Herald
ASX slips as investors take profits$1.2 billion loss, the first in its history and slashed its dividend 54 per cen
ASX slips as investors take profits
Sydney Morning Herald / Posted yesterday
$1.2 billion loss, the first in its history and slashed its dividend 54 per cent but fuelled hopes for growth. Competitor Wesfarmers' shares were also buoyant, rising 2.4 per cent and lifting the consumer staples index up 2.4, the day's best... Read more
4 related stories
1d
Sydney Morning Herald
Little reason to trust Woolworths board or managementby new chairman Gordon Cairns, was an effective admission that Woolworths could
Little reason to trust Woolworths board or management
Sydney Morning Herald / Posted yesterday
by new chairman Gordon Cairns, was an effective admission that Woolworths couldn't walk and chew gum at the same time. Wesfarmers could. Wesfarmers had demonstrated it had a better board and management team across its retail portfolio with only... Read more
5 related stories
1d
WA Today
ASX slips as investors take profits$1.2 billion loss, the first in its history and slashed its dividend 54 per cen
ASX slips as investors take profits
WA Today / Posted yesterday
$1.2 billion loss, the first in its history and slashed its dividend 54 per cent but fuelled hopes for growth. Competitor Wesfarmers' shares were also buoyant, rising 2.4 per cent and lifting the consumer staples index up 2.4, the day's best... Read more
4 related stories
1d
Canberra Times
ASX slips as investors take profits$1.2 billion loss, the first in its history and slashed its dividend 54 per cen
ASX slips as investors take profits
Canberra Times / Posted yesterday
$1.2 billion loss, the first in its history and slashed its dividend 54 per cent but fuelled hopes for growth. Competitor Wesfarmers' shares were also buoyant, rising 2.4 per cent and lifting the consumer staples index up 2.4, the day's best... Read more
4 related stories
1d
WA Today
Why we can't write off Woolworths- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Cole
Why we can't write off Woolworths
WA Today / Posted yesterday
- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Coles did in 2009 just after it was sold to Wesfarmers as a fixer-upper. At that time, Coles was a bit of a clapped out business. It had lost market share,... Read more
63 related stories
1d
Canberra Times
Why we can't write off Woolworths- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Cole
Why we can't write off Woolworths
Canberra Times / Posted yesterday
- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Coles did in 2009 just after it was sold to Wesfarmers as a fixer-upper. At that time, Coles was a bit of a clapped out business. It had lost market share,... Read more
63 related stories
1d
Northern Star
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
Northern Star / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
1d
The Daily Mercury
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
The Daily Mercury / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
1d
Brisbane Times
Why we can't write off Woolworths- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Cole
Why we can't write off Woolworths
Brisbane Times / Posted yesterday
- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Coles did in 2009 just after it was sold to Wesfarmers as a fixer-upper. At that time, Coles was a bit of a clapped out business. It had lost market share,... Read more
63 related stories
1d
Toowoomba Chronicle
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
Toowoomba Chronicle / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
1d
The Age
Why we can't write off Woolworths- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Cole
Why we can't write off Woolworths
The Age / Posted yesterday
- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Coles did in 2009 just after it was sold to Wesfarmers as a fixer-upper. At that time, Coles was a bit of a clapped out business. It had lost market share,... Read more
63 related stories
1d
Sydney Morning Herald
Why we can't write off Woolworths- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Cole
Why we can't write off Woolworths
Sydney Morning Herald / Posted yesterday
- some are prepared to roll the dice. Indeed, Woolworths looks a lot like Coles did in 2009 just after it was sold to Wesfarmers as a fixer-upper. At that time, Coles was a bit of a clapped out business. It had lost market share,... Read more
63 related stories
1d
Queensland Times
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
Queensland Times / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
1d
The Morning Bulletin
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
The Morning Bulletin / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
1d
News Mail
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
News Mail / Posted yesterday
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
2d
TheBull
CommSec Daily Report ThursdayMasters stores by December 11 and will sell its Home Timber & Hardware chain to
CommSec Daily Report Thursday
TheBull / Posted 2 days ago
Masters stores by December 11 and will sell its Home Timber & Hardware chain to Metcash – which owns Mitre 10 – for $165m. Wesfarmers (WES), the owner of Bunnings, is up 1.7 per cent as the closure of Masters means less competition for the group.... Read more
2d
Daily Examiner
Woolworths, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworths, Target post massive losses, write-downs
Daily Examiner / Posted 2 days ago
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
2d
Northern Star
Woolworth, Target post massive losses, write-downsthe $1.6 billion the market had expected. But they are not the only ones with
Woolworth, Target post massive losses, write-downs
Northern Star / Posted 2 days ago
the $1.6 billion the market had expected. But they are not the only ones with bad news to share. Target stores, owned by Wesfarmers, are also struggling. It reported a loss of $195 million after a huge write down of $1.3 billion. Kmart boss Guy... Read more
7 related stories
2d
TheBull
Focus on reports as resources drag marketremain focused on a busy morning of earning reports. The "meteoric" rise in th
Focus on reports as resources drag market
TheBull / Posted 2 days ago
remain focused on a busy morning of earning reports. The "meteoric" rise in the Woolworths share price and the recovery of Wesfarmers were both the star performers of the open, Phillip Capital senior client advisor Michael Heffernan said. "There... Read more
2 related stories
2d
Sydney Morning Herald
Woolworths slumps to $1.234 billion lossleader Coles and the expansionist Aldi. Earnings growth at Coles last financia
Woolworths slumps to $1.234 billion loss
Sydney Morning Herald / Posted 2 days ago
leader Coles and the expansionist Aldi. Earnings growth at Coles last financial year slowed to its weakest rate since Wesfarmers bought the business in 2007. Despite this, Coles' same-store food sales grew by 2.9 per cent, compared to the... Read more
17 related stories
2d
TheBull
Australian market set to open lowerresults. In Australia, the market on Wednesday edged higher as gains by the ba
Australian market set to open lower
TheBull / Posted 2 days ago
results. In Australia, the market on Wednesday edged higher as gains by the banks and resources giants offset falls by Wesfarmers and Telstra amid a raft of earnings reports. The benchmark S&P/ASX200 index was up 7.9 points, or 0.14 per cent,... Read more
2d
WA Today
Wesfarmers to cut product range to drive efficiency at Coles​Coles supermarkets will slash its product range by as much as 15 per cent in c
Wesfarmers to cut product range to drive efficiency at Coles
WA Today / Posted 2 days ago
​Coles supermarkets will slash its product range by as much as 15 per cent in coming years as owner Wesfarmers drives the efficiency of the business to fund grocery price cuts and safeguard its market share against the expansion of Aldi and a... Read more
63 related stories
2d
The Age
Wesfarmers to cut product range to drive efficiency at Coles​Coles supermarkets will slash its product range by as much as 15 per cent in c
Wesfarmers to cut product range to drive efficiency at Coles
The Age / Posted 2 days ago
​Coles supermarkets will slash its product range by as much as 15 per cent in coming years as owner Wesfarmers drives the efficiency of the business to fund grocery price cuts and safeguard its market share against the expansion of Aldi and a... Read more
63 related stories
2d
Sydney Morning Herald
Wesfarmers to cut product range to drive efficiency at Coles​Coles supermarkets will slash its product range by as much as 15 per cent in c
Wesfarmers to cut product range to drive efficiency at Coles
Sydney Morning Herald / Posted 2 days ago
​Coles supermarkets will slash its product range by as much as 15 per cent in coming years as owner Wesfarmers drives the efficiency of the business to fund grocery price cuts and safeguard its market share against the expansion of Aldi and a... Read more
63 related stories
2d
Canberra Times
Wesfarmers to cut product range to drive efficiency at Coles​Coles supermarkets will slash its product range by as much as 15 per cent in c
Wesfarmers to cut product range to drive efficiency at Coles
Canberra Times / Posted 2 days ago
​Coles supermarkets will slash its product range by as much as 15 per cent in coming years as owner Wesfarmers drives the efficiency of the business to fund grocery price cuts and safeguard its market share against the expansion of Aldi and a... Read more
63 related stories
2d
Brisbane Times
Wesfarmers to cut product range to drive efficiency at Coles​Coles supermarkets will slash its product range by as much as 15 per cent in c
Wesfarmers to cut product range to drive efficiency at Coles
Brisbane Times / Posted 2 days ago
​Coles supermarkets will slash its product range by as much as 15 per cent in coming years as owner Wesfarmers drives the efficiency of the business to fund grocery price cuts and safeguard its market share against the expansion of Aldi and a... Read more
63 related stories
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