Coles has dragged down the Wesfarmers 2018 first half year financial profits with its earnings falling 14.1 per cent on its 2017 first half results. Wesfarmers, Coles’ parent company, was also impacted...

In news reminiscent of Woolworths’ Masters home improvement venture, Wesfarmers has reported it will be writing down the value of its UK and Ireland Bunnings investment by almost AUD $1 billion in its...

Wesfarmers new Managing Director, Rob Scott, will be paid far less than current Managing Director, Richard Goyder. Wesfarmers is the parent company of Coles supermarket. Scott, who takes on the MD role...

Woolworths will finally be able to sell what remains of its Masters home improvement chain with Lowe’s forced to sell its share in the business. The US-based Lowe’s hardware entered into a joint-venture...

The supermarket price wars has hit Coles 2017 half yearly financial profits with the supermarket’s earnings before interest and tax falling. When compared to Coles first half 2016 financial year results,...

Coles has reported a slowdown in market growth in the first quarter of its 2017 financial year. Coles parent company, Wesfarmers, this week released its first quarter 2017 financial year results showing...

Woolworths has delivered in spades to shareholders in the last 20 years, but the rot had set in a decade ago.  The seeds of the rot were assisted in my view by a lack of credible competition, and management...

Managing Director, John Durkan, has attributed Coles’ ongoing sales growth to the supermarket group’s ‘every day’ low prices strategy. Parent company Wesfarmers, revealed late last week that Coles...

Wesfarmers has completed its acquisition of UK hardware chain Homebase.   Wesfarmers Managing Director Richard Goyder said the acquisition now adds 15, 000 new employees in the UK and Ireland to the...

Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores.   The...