Australia's Wesfarmers boosts profit on Kmart rush as hardware cools
By Archishma Iyer and Byron Kaye (Reuters) -Australian conglomerate Wesfarmers Ltd said annual profit rose 4.8%, just ahead of analyst forecasts, as
Source: shorenewsnetwork.com
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Kmart posts bumper earnings as shoppers hunt low prices
Australian shoppers are flocking to discount chain Kmart as the cost of living crisis bites, with the company unveiling a big result.
Source: thenewdaily.com.au
Australia's Wesfarmers warns of elevated inflation; lithium business to grow, ET Auto
In an effort to continue expanding its exposure to lithium, its Covalent lithium project is expected to contribute 50,000 metric tons of assumed lithium oxide, should there be a successful commission and ramp-up of the concentrator at the Mount Holland mine in Western Australia.
Source: indiatimes.com
Cost of living crisis: Shoplifters are on the rise in supermarkets and retailers, putting pressure on thin margins
Self-service checkouts and fewer staff on the shop floor have contributed to a rise in shoplifting which is denting profits.
Source: afr.com
Australia's Wesfarmers logs 5% annual profit rise on strong segmental growth | WSAU News/Talk 550 AM · 99.9 FM
(Reuters) -Australia's retail giant Wesfarmers recorded a 4.8% rise in its full-year profit on Friday, boosted by strong performance by its hardware u...
Source: wsau.com