Retail - Wesfarmers

Australia's Woolworths Makes Approach For Drugstore Chain

Top Australian grocer Woolworths Group has made an approach to take over drugstore chain Australian Pharmacutical Industries, besting an already-agreed buy...

Coles Spinoff Plan May Put Australian Supermarket Giant In Play

Wesfarmers Ltd.’s plan to spin off its Coles supermarkets, liquor and convenience stores could put the Australian retailing giant in play. The bus...

Woolworths Books $716 Million Cost Amid Job Cuts, Writedowns

Woolworths Ltd. will book a pretax charge of A$959 million ($716 million) to cut jobs, write down assets and close supermarkets as investors brace for the...

Wesfarmers Enlists Former Asda Boss For U.K. Home-Improvement Push

Wesfarmers Ltd. appointed former Asda supermarket boss Archie Norman as an adviser to Homebase to assist with its advance on the U.K. home-improvement mark...

Wesfarmers Flags $1.6 Billion Writedown On Coal, Target

Wesfarmers Ltd. flagged as much as A$2.15 billion ($1.6 billion) in writedowns for its struggling Target department store chain and coal assets in Australi...

Wesfarmers Offers $489 Million To Buy UK Chain Homebase

Wesfarmers Ltd offered to buy Homebase in the UK for £340 million ($489 million) as the Australian conglomerate attempts to secure an overseas footho...

Wesfarmers' Profit Meets Analysts' Estimates Amid Competition

Wesfarmers, Australia’s largest retailer, posted annual earnings that matched analysts' estimates, as discounting and a move to more own-brand goods...

Subscribe Today

Get the app today!