Wesfarmers CEO Rob Scott says the group’s delivery subscription program will have unique selling points to its online competitor.
The Australian sharemarket fell on Tuesday as a fall in consumer confidence and the Reserve Bank’s determination to pin down inflation weighed on investor sentiment.
An Australian retail giant continues its push into the wellness market,with Wesfarmers-owned API lobbing a bid for hair removal and cosmetic injectable brand Silk Laser.
While the conglomerate’s retail businesses – Bunnings,Kmart and Officeworks – are targeting net-zero emissions by 2030,its low-profile chemical business is banking on carbon capture and storage technology to reach the same goal by 2050.
Consumers are spending up on cosmetics and skincare - but competition for their dollars is fierce.
Some products will still be flying off the shelf according to retailers,even as consumers tighten their belts.
Analysts are getting impatient as Wesfarmers’ online marketplace Catch posts yet more losses.
The discount department store believes it can outperform other retailers as shoppers flock to the brand for these key items.
Wesfarmers has reported robust trading across its retail brands but CEO Rob Scott warns cost pressures will weigh on Australian businesses this year.
Loyalty scheme members are cashing in their rewards points faster than usual and more people are redeeming points for the first time.
Retailers are quietly abandoning the use of the chemical Bisphenol A,which in 2020 was present on more than three quarters of retail receipts.