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.
Mike Schneider,managing director of the Wesfarmers-owned hardware chain,is convinced Australians will still be spending up to spruce up their homes and gardens during long summer days.
Australia’s retail industry has come out swinging against the government’s proposal to allow multi-employer bargaining.
A little known investor has splashed about $100 million on a supersized Bunnings hardware store,touted as one of the largest in the Wesfarmers-owned network.
WA’s largest gas user Alcoa is part of a push to force exporters to offer more gas to local buyers before a predicted shortage hits mid-decade.
The hardware giant is unfazed about the prospect of rising interest rates or a slowing housing market thanks to a pent-up pipeline of construction work and robust demand for DIY products.