Wesfarmers

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15m
WA Today
Target turnaround plunges chain into the redTarget's earnings will plunge into the red in the second half as owner Wesfarme
Target turnaround plunges chain into the red
WA Today / Posted 15 minutes ago
Target's earnings will plunge into the red in the second half as owner Wesfarmers forges ahead with its turnaround plan for the troubled chain and the Kmart-Target merger despite widespread concern the conglomerate's two discount chain's can not fire... Read more
19 related stories
22m
The Courier Mail
Get ready for Target’s $200 million saleWesfarmers boss Richard Goyder and Finance Director Terry Bowen downgraded thei
Get ready for Target’s $200 million sale
The Courier Mail / Posted 22 minutes ago
Wesfarmers boss Richard Goyder and Finance Director Terry Bowen downgraded their profit forecast. A MAMMOTH sale is around the corner at Target, with the beleaguered department store sitting on huge piles of winter stock. In an investor... Read more
30m
The Age
Target turnaround plunges chain into the redWesfarmers has booked an impairment of up to $1.3 billion against its Target ch
Target turnaround plunges chain into the red
The Age / Posted 30 minutes ago
Wesfarmers has booked an impairment of up to $1.3 billion against its Target chain. Photo: Michael Clayton-Jones Target's earnings will plunge into the red in the second half as owner Wesfarmers forges ahead with its turnaround plan for the troubled... Read more
19 related stories
32m
Sydney Morning Herald
Target turnaround plunges chain into the redWesfarmers has booked an impairment of up to $1.3 billion against its Target ch
Target turnaround plunges chain into the red
Sydney Morning Herald / Posted 32 minutes ago
Wesfarmers has booked an impairment of up to $1.3 billion against its Target chain. Photo: Michael Clayton-Jones Target's earnings will plunge into the red in the second half as owner Wesfarmers forges ahead with its turnaround plan for the troubled... Read more
19 related stories
33m
Daily Telegraph
Get ready for Target’s $200 million saleboss Richard Goyder and Finance Director Terry Bowen downgraded their profit fo
Get ready for Target’s $200 million sale
Daily Telegraph / Posted 33 minutes ago
boss Richard Goyder and Finance Director Terry Bowen downgraded their profit forecast. A MAMMOTH sale is around... Read more
34m
Canberra Times
Motley Fool: three dividend stocks that beat the banksup to 7.9 per cent when franking credits are included - is the cherry on top, a
Motley Fool: three dividend stocks that beat the banks
Canberra Times / Posted 34 minutes ago
up to 7.9 per cent when franking credits are included - is the cherry on top, and all without the risk of bank shares.Wesfarmers (ASX: WES) One of the last old-style conglomerates on the ASX, even if you don't know the company, you'll... Read more
34m
Canberra Times
Target turnaround plunges chain into the redTarget's earnings will plunge into the red in the second half as owner Wesfarme
Target turnaround plunges chain into the red
Canberra Times / Posted 34 minutes ago
Target's earnings will plunge into the red in the second half as owner Wesfarmers forges ahead with its turnaround plan for the troubled chain and the Kmart-Target merger despite widespread concern the conglomerate's two discount chain's can not fire... Read more
19 related stories
1h
Perth Now
Target, coal smash Wesfarmers’ profit hopes in $2 billion writedown WESFARMERS’ full-year profit could be all but wiped o
Target, coal smash Wesfarmers’ profit hopes
Perth Now / Posted an hour ago
in $2 billion writedown WESFARMERS’ full-year profit could be all but wiped out by $2 billion in writedowns and restructuring costs related to its Target department stores and Queensland coal... Read more
19 related stories
1h
Adelaide Now
What’s wrong with Target?Here are five reasons why they are failing as a business THE announcement by s
What’s wrong with Target?
Adelaide Now / Posted an hour ago
Here are five reasons why they are failing as a business THE announcement by supermarket and resources conglomerate Wesfarmers to write off the carrying value of its Target business by up to $1.28 billion appears the final acceptance that... Read more
19 related stories
1h
The Courier Mail
Target, coal smash Wesfarmers’ profit hopesWesfarmers chief Richard Goyder says the conglomerate won’t shy away from takin
Target, coal smash Wesfarmers’ profit hopes
The Courier Mail / Posted an hour ago
Wesfarmers chief Richard Goyder says the conglomerate won’t shy away from taking tough actions in the wake of announcing $2 billion in writedowns and restructuring costs across the business. WESFARMERS’ full-year profit could be all but wiped out by... Read more
19 related stories
2h
TheBull
CommSec Daily Report WednesdayThe ASX 200 index is up 1.7 per cent with all sectors improving following a sim
CommSec Daily Report Wednesday
TheBull / Posted 2 hours ago
The ASX 200 index is up 1.7 per cent with all sectors improving following a similar rise in US equities overnight. Wesfarmers (WES) is down 0.75 per cent after warning the group is expecting to take a $1.8bn to $2.3bn hit to its profit this... Read more
2h
Herald Sun
Target, coal smash Wesfarmers’ profit hopesWesfarmers chief Richard Goyder says the conglomerate won’t shy away from takin
Target, coal smash Wesfarmers’ profit hopes
Herald Sun / Posted 2 hours ago
Wesfarmers chief Richard Goyder says the conglomerate won’t shy away from taking tough actions in the wake of announcing $2 billion in writedowns and restructuring costs across the business. WESFARMERS’ full-year profit could be all but wiped out by... Read more
19 related stories
3h
TheBull
Aust stocks open higher$27.48. Investment bank Macquarie Group rallied $1.93 to $72.46. Within the n
Aust stocks open higher
TheBull / Posted 3 hours ago
$27.48. Investment bank Macquarie Group rallied $1.93 to $72.46. Within the nation's 20 biggest companies, retail giant Wesfarmers was the only firm in red territory after announcing it expected to make a writedown of around $2... Read more
3h
WA Today
Target is hit again - the retail industry's slow-mo train wrecka season - stock which has needed heavy discounting to move.Shrinking margins,
Target is hit again - the retail industry's slow-mo train wreck
WA Today / Posted 3 hours ago
a season - stock which has needed heavy discounting to move.Shrinking margins, unsold stock Target's West Australian owner Wesfarmers said on Wednesday the troubled chain would book a loss for the current financial year of close to $200 million -... Read more
4 related stories
3h
Canberra Times
Wesfarmers profit to be hit by $2 billion in Target, coal write-downsWesfarmers' bottom line profit will be all but wiped out this year by write-dow
Wesfarmers profit to be hit by $2 billion in Target, coal write-downs
Canberra Times / Posted 3 hours ago
Wesfarmers' bottom line profit will be all but wiped out this year by write-downs and restructuring costs of more than $2 billion on its ailing Target chain and its struggling coal business. The conglomerate said on Wednesday that it would take a... Read more
19 related stories
3h
Canberra Times
Target is hit again - the retail industry's slow-mo train wrecka season - stock which has needed heavy discounting to move.Shrinking margins,
Target is hit again - the retail industry's slow-mo train wreck
Canberra Times / Posted 3 hours ago
a season - stock which has needed heavy discounting to move.Shrinking margins, unsold stock Target's West Australian owner Wesfarmers said on Wednesday the troubled chain would book a loss for the current financial year of close to $200 million -... Read more
4 related stories
3h
Brisbane Times
Target is hit again - the retail industry's slow-mo train wrecka season - stock which has needed heavy discounting to move.Shrinking margins,
Target is hit again - the retail industry's slow-mo train wreck
Brisbane Times / Posted 3 hours ago
a season - stock which has needed heavy discounting to move.Shrinking margins, unsold stock Target's West Australian owner Wesfarmers said on Wednesday the troubled chain would book a loss for the current financial year of close to $200 million -... Read more
4 related stories
4h
The Age
Wesfarmers profit to be hit by $2 billion in Target, coal write-downsRichard Goyder , Wesfarmers managing director says the company has made tough d
Wesfarmers profit to be hit by $2 billion in Target, coal write-downs
The Age / Posted 4 hours ago
Richard Goyder , Wesfarmers managing director says the company has made tough decisions. Photo: Philip Gostelow Wesfarmers' bottom line profit will be all but wiped out this year by write-downs and restructuring costs of more than $2 billion on its... Read more
19 related stories
4h
The Age
Target is hit again - the retail industry's slow mo train wreckseason - stock which has needed heavy discounting to move. Shrinking margins,
Target is hit again - the retail industry's slow mo train wreck
The Age / Posted 4 hours ago
season - stock which has needed heavy discounting to move. Shrinking margins, unsold stock Target's West Australian owner Wesfarmers said on Wednesday the troubled chain would book a loss for the current financial year of close to $200 million -... Read more
4 related stories
4h
Sydney Morning Herald
Wesfarmers profit to be hit by $2 billion in Target, coal write-downsRichard Goyder , Wesfarmers managing director says the company has made tough d
Wesfarmers profit to be hit by $2 billion in Target, coal write-downs
Sydney Morning Herald / Posted 4 hours ago
Richard Goyder , Wesfarmers managing director says the company has made tough decisions. Photo: Philip Gostelow Wesfarmers' bottom line profit will be all but wiped out this year by write-downs and restructuring costs of more than $2 billion on its... Read more
19 related stories
4h
Sydney Morning Herald
Target is hit again - the retail industry's slow mo train wreckseason - stock which has needed heavy discounting to move. Shrinking margins,
Target is hit again - the retail industry's slow mo train wreck
Sydney Morning Herald / Posted 4 hours ago
season - stock which has needed heavy discounting to move. Shrinking margins, unsold stock Target's West Australian owner Wesfarmers said on Wednesday the troubled chain would book a loss for the current financial year of close to $200 million -... Read more
4 related stories
4h
TheBull
Wesfarmers warns of $2bn hit to FY profitWesfarmers' full-year profit could be all but wiped out by $2 billion in writed
Wesfarmers warns of $2bn hit to FY profit
TheBull / Posted 4 hours ago
Wesfarmers' full-year profit could be all but wiped out by $2 billion in writedowns and restructuring costs related to its Target department stores and Queensland coal mine. Wesfarmers, which also owns supermarket giant Coles, will take a post-tax... Read more
19 related stories
4h
Sky News Australia
Wesfarmers warns of $2b profit hitWesfarmers' full-year profit will be hit by writedowns and restructuring costs
Wesfarmers warns of $2b profit hit
Sky News Australia / Posted 4 hours ago
Wesfarmers' full-year profit will be hit by writedowns and restructuring costs of about $2 billion related to its Target department stores and Queensland coal mine. Wesfarmers, which also owns supermarket giant Coles, says it will take a post-tax... Read more
19 related stories
4h
Australian Broadcasting Corporation
Target, coal mining to cost Wesfarmers around $2b in write-downsWesfarmers' Target writes down more than a billion dollars in goodwill, coal va
Target, coal mining to cost Wesfarmers around $2b in write-downs
Australian Broadcasting Corporation / Posted 4 hours ago
Wesfarmers' Target writes down more than a billion dollars in goodwill, coal values slashed Wesfarmers has slashed the value placed on its Target retail unit and its Curragh coal mine in Queensland. Key points: The conglomerate is expecting to... Read more
19 related stories
5h
TheBull
Wesfarmers takes $2b hit from Target, coalColes supermarket owner Wesfarmers will take a near $2 billion hit due to write
Wesfarmers takes $2b hit from Target, coal
TheBull / Posted 5 hours ago
Coles supermarket owner Wesfarmers will take a near $2 billion hit due to writedowns and restructuring costs of its Target and coal mining businesses. Wesfarmers will write down the value of its Target department stores, which were hit by an... Read more
19 related stories
5h
WA Today
Wesfarmers profit to be hit by $2.3b in Target, coal write-downsWesfarmers has warned that its full-year profit will be hit by write-downs and
Wesfarmers profit to be hit by $2.3b in Target, coal write-downs
WA Today / Posted 5 hours ago
Wesfarmers has warned that its full-year profit will be hit by write-downs and restructuring costs of as much as $2.3 billion on its ailing Target chain and its struggling coal business. The conglomerate said on Wednesday that it would take a... Read more
19 related stories
5h
Canberra Times
Wesfarmers profit to be hit by $2.3b in Target, coal write-downsWesfarmers has warned that its full-year profit will be hit by write-downs and
Wesfarmers profit to be hit by $2.3b in Target, coal write-downs
Canberra Times / Posted 5 hours ago
Wesfarmers has warned that its full-year profit will be hit by write-downs and restructuring costs of as much as $2.3 billion on its ailing Target chain and its struggling coal business. The conglomerate said on Wednesday that it would take a... Read more
19 related stories
5h
Brisbane Times
Wesfarmers profit to be hit by $2.3b in Target, coal write-downsWesfarmers has warned that its full-year profit will be hit by write-downs and
Wesfarmers profit to be hit by $2.3b in Target, coal write-downs
Brisbane Times / Posted 5 hours ago
Wesfarmers has warned that its full-year profit will be hit by write-downs and restructuring costs of as much as $2.3 billion on its ailing Target chain and its struggling coal business. The conglomerate said on Wednesday that it would take a... Read more
19 related stories
5h
The Age
Wesfarmers profit to be hit by $2.3b in Target, coal write-downsRichard Goyder , Wesfarmers managing director says the company has made tough d
Wesfarmers profit to be hit by $2.3b in Target, coal write-downs
The Age / Posted 5 hours ago
Richard Goyder , Wesfarmers managing director says the company has made tough decisions. Photo: Philip Gostelow Wesfarmers has warned that its full-year profit will be hit by write-downs and restructuring costs of as much as $2.3 billion on its... Read more
19 related stories
6h
Sydney Morning Herald
Wesfarmers profit to be hit by $2.3b in Target, coal write-downsRichard Goyder , Wesfarmers managing director says the company has made tough d
Wesfarmers profit to be hit by $2.3b in Target, coal write-downs
Sydney Morning Herald / Posted 6 hours ago
Richard Goyder , Wesfarmers managing director says the company has made tough decisions. Photo: Philip Gostelow Wesfarmers has warned that its full-year profit will be hit by write-downs and restructuring costs of as much as $2.3 billion on its... Read more
19 related stories
13h
Brisbane Times
Target 'dysfunctional' as Guy Russo prepares reviewTarget suppliers claim the Wesfarmers-owned chain is in disarray amid expectati
Target 'dysfunctional' as Guy Russo prepares review
Brisbane Times / Posted 13 hours ago
Target suppliers claim the Wesfarmers-owned chain is in disarray amid expectations department store chief Guy Russo will announce an impairment as early as next month, when he unveils the "Karget" blueprint. One supplier, who would only talk on the... Read more
4 related stories
14h
WA Today
Target 'dysfunctional' as Guy Russo prepares reviewTarget suppliers claim the Wesfarmers-owned chain is in disarray amid expectati
Target 'dysfunctional' as Guy Russo prepares review
WA Today / Posted 14 hours ago
Target suppliers claim the Wesfarmers-owned chain is in disarray amid expectations department store chief Guy Russo will announce an impairment as early as next month, when he unveils the "Karget" blueprint. One supplier, who would only talk on the... Read more
4 related stories
14h
The Age
Target 'dysfunctional' as Guy Russo prepares reviewclaim management is missing in action at the discount department chain. Photo:
Target 'dysfunctional' as Guy Russo prepares review
The Age / Posted 14 hours ago
claim management is missing in action at the discount department chain. Photo: Jane Dyson Target suppliers claim the Wesfarmers-owned chain is in disarray amid expectations department store chief Guy Russo will announce an impairment as early... Read more
4 related stories
14h
Sydney Morning Herald
Target 'dysfunctional' as Guy Russo prepares reviewclaim management is missing in action at the discount department chain. Photo:
Target 'dysfunctional' as Guy Russo prepares review
Sydney Morning Herald / Posted 14 hours ago
claim management is missing in action at the discount department chain. Photo: Jane Dyson Target suppliers claim the Wesfarmers-owned chain is in disarray amid expectations department store chief Guy Russo will announce an impairment as early... Read more
4 related stories
14h
Canberra Times
Target 'dysfunctional' as Guy Russo prepares reviewTarget suppliers claim the Wesfarmers-owned chain is in disarray amid expectati
Target 'dysfunctional' as Guy Russo prepares review
Canberra Times / Posted 14 hours ago
Target suppliers claim the Wesfarmers-owned chain is in disarray amid expectations department store chief Guy Russo will announce an impairment as early as next month, when he unveils the "Karget" blueprint. One supplier, who would only talk on the... Read more
4 related stories
20h
Market Watch
FTSE 100 edges up as miners, oil companies find a higher toeholdmarket analyst at Trustnet Direct, in a note. “It’s too early to see the compe
FTSE 100 edges up as miners, oil companies find a higher toehold
Market Watch / Posted 20 hours ago
market analyst at Trustnet Direct, in a note. “It’s too early to see the competitive impact of the sale of Homebase to Wesfarmers earlier this year, but this is set to be an increasing challenge. Kingfisher are nicely placed to benefit from a... Read more
1d
Brisbane Times
Big W buyers depart as CEO shakes up sourcingis understood Ms Macdonald is aiming to lift the level of direct sourcing to as
Big W buyers depart as CEO shakes up sourcing
Brisbane Times / Posted yesterday
is understood Ms Macdonald is aiming to lift the level of direct sourcing to as much as 50 per cent to better compete with Wesfarmers' Kmart, which went through a similar transformation five years ago. Big W insiders believe Big W may also move... Read more
4 related stories
1d
WA Today
Big W buyers depart as CEO shakes up sourcingis understood Ms Macdonald is aiming to lift the level of direct sourcing to as
Big W buyers depart as CEO shakes up sourcing
WA Today / Posted yesterday
is understood Ms Macdonald is aiming to lift the level of direct sourcing to as much as 50 per cent to better compete with Wesfarmers' Kmart, which went through a similar transformation five years ago. Big W insiders believe Big W may also move... Read more
4 related stories
1d
The Age
Big W buyers depart as CEO shakes up sourcingis understood Ms Macdonald is aiming to lift the level of direct sourcing to as
Big W buyers depart as CEO shakes up sourcing
The Age / Posted yesterday
is understood Ms Macdonald is aiming to lift the level of direct sourcing to as much as 50 per cent to better compete with Wesfarmers' Kmart, which went through a similar transformation five years ago. Big W insiders believe Big W may also move... Read more
4 related stories
1d
Sydney Morning Herald
Big W buyers depart as CEO shakes up sourcingis understood Ms Macdonald is aiming to lift the level of direct sourcing to as
Big W buyers depart as CEO shakes up sourcing
Sydney Morning Herald / Posted yesterday
is understood Ms Macdonald is aiming to lift the level of direct sourcing to as much as 50 per cent to better compete with Wesfarmers' Kmart, which went through a similar transformation five years ago. Big W insiders believe Big W may also move... Read more
4 related stories
1d
Canberra Times
Big W buyers depart as CEO shakes up sourcingis understood Ms Macdonald is aiming to lift the level of direct sourcing to as
Big W buyers depart as CEO shakes up sourcing
Canberra Times / Posted yesterday
is understood Ms Macdonald is aiming to lift the level of direct sourcing to as much as 50 per cent to better compete with Wesfarmers' Kmart, which went through a similar transformation five years ago. Big W insiders believe Big W may also move... Read more
4 related stories
2d
Daily Liberal
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
Daily Liberal / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
Illawarra Mercury
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
Illawarra Mercury / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
Illawarra Mercury
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
Illawarra Mercury / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
Northern Daily Leader
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
Northern Daily Leader / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
The Young Witness
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
The Young Witness / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
Western Advocate
The many ways political donations buy access in Victorianot all of corporate Australia is happy with the country's lax disclosure regim
The many ways political donations buy access in Victoria
Western Advocate / Posted 2 days ago
not all of corporate Australia is happy with the country's lax disclosure regime. Mark Triffitt, a former lobbyist for Wesfarmers and the Business Council of Australia, argues the real cost to the public interest of such a dysfunctional system... Read more
11 related stories
2d
CIO
Working with startups: IT execs share their storiesAtomic Sky's Andy Lamb (far left) with Bankwest's Andy Weir, and Wesfarmers' Ma
Working with startups: IT execs share their stories
CIO / Posted 2 days ago
Atomic Sky's Andy Lamb (far left) with Bankwest's Andy Weir, and Wesfarmers' Matt Toohey Matt Toohey worked at iiNet for just over a decade, joining as IT manager in 2004 before being elevated to CIO in 2011 – a position he held until his departure... Read more
2d
CIO
Working with startups: IT execs tell their storiesAtomic Sky's Andy Lamb (far left) with Bankwest's Andy Weir, and Wesfarmers' Ma
Working with startups: IT execs tell their stories
CIO / Posted 2 days ago
Atomic Sky's Andy Lamb (far left) with Bankwest's Andy Weir, and Wesfarmers' Matt Toohey Matt Toohey worked at iiNet for just over a decade, joining as IT manager in 2004 before being elevated to CIO in 2011 – a position he held until his departure... Read more
2d
Perth Now
Shares stay strong, but for how long?Energy up 36% Medibank Private up 25% Santos up 25% Ramsay Health Care up 19
Shares stay strong, but for how long?
Perth Now / Posted 2 days ago
Energy up 36% Medibank Private up 25% Santos up 25% Ramsay Health Care up 19% QBE Insurance up 17% LOSERS (PAST THREE MONTHS) Qantas down 18% Caltex down 6% Woodside Petroleum down 4% Woolworths down 3% Wesfarmers down 2% Sourc... Read more
3 related stories
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