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Wesfarmers results jump as Bunnings, Kmart and Officeworks boom

Inside Retail

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movement restrictions, signaling a 40 per cent jump in net profit to $2.38 billion (up 10 per cent) over the last 12 months, according to managing director Rob Scott.

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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.