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Wesfarmers Limited, an Australia-based company, operates across various sectors, including home improvement, general merchandise, and industrial chemicals. Its key segments include Bunnings Group, a retailer of building materials and lifestyle products; Kmart Group, which offers apparel and general merchandise; and Officeworks, providing office products and solutions. The company also encompasses Wesfarmers Chemicals, Energy and Fertilizers, and other industrial and safety operations.
Retail sales in Australia are projected to surge by $69.7 billion leading up to Christmas, with $6.7 billion expected to be spent during Black Friday and Cyber Monday, marking a 5.5% increase from last year. Consumer sentiment is on the rise, encouraging retailers to enhance their offerings as competition intensifies. Despite some caution in the discretionary sector, companies like JB Hi-Fi and Harvey Norman are positioned to benefit from increased sales, particularly in trending products like robot vacuums.
Wesfarmers Limited
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Wesfarmers Bunnings sales growth forecasted to improve by UBS analysis
07:33 06.02.2025
retail sector poised for growth ahead of black friday and cyber monday
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AUS
CHN
Juliette Saly
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00:25 20.11.2024
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