Archie Norman’s role with Wesfarmers has been expanded beyond his current position as a consultant on the Coles turnaround, the conglomerate explained today. The man credited with reviving the flagging...

Wesfarmers has announced a net profit after tax of $1.535 billion – up 44 per cent – as their Coles turnaround gathers momentum. The WA-based conglomerate, owner of the Bunnings and Coles Group...

Wesfarmers boss Richard Goyder, who yesterday reported his company was “bulletproof at the moment”, is not fearful of the imminent launch of Costco in Australia, instead looking toward the...

Coles owner Wesfarmers has advised that the turnaround is progressing as planned and is expecting improved trading conditions in the coming year, as global economic data shows signs of recovery. Chief...

Coles boss Ian McLeod has today informed analysts of the rapid change taking place at Coles but remained cautious about the future despite announcing third quarter sales growth of 6 per cent – well...

Increased spending by Woolworths has led to downgrades on the stocks of Australia’s two largest supermarket chains by a leading team of analysts. Wesfarmers is “unlikely” to turn around...

Wesfarmers Limited, the owner of Coles supermarkets, today announced a 46.3 per cent lift in net profit after tax to $879 million for the half-year ended 31 December 2008,  which was in the upper range...

The Chairman of Wesfarmers, Trevor Eastwood, has told shareholders that he is excited about the platform for growth of Coles, now that the senior management team is in place. Mr Eastwood was looking to...

Liquorland, Wesfarmers’ largest alcohol chain, has permanently cut their prices in an endeavour to reposition the brand. A Liquorland spokesman told the Australian Financial Review that the price...

Any hopes of the Coles transformation being complete earlier than the five year estimate appear forlorn given the frank assessment of current Chief Executive Ian McLeod at an investor briefing held by...