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Tag: wesfarmers
Wesfarmers sacrifices short-term profit for long-term growth
2015-02-19 10:16:15| Agriculture - Topix.net
Two months after grocery retailer Coles admitted bullying suppliers, Wesfarmers has made clear it will not back out of a price war with Woolworths and will continue to cut prices to drive longer-term growth. Managing director Richard Goyder said Wesfarmers was prepared to sacrifice short-term profit growth by reducing prices across all its retail businesses - Coles, Bunnings, Kmart, Target and Officeworks - to guarantee long-term sales growth and shareholder returns.
Tags: growth
profit
sacrifices
longterm
Rates cut, ANZ, Fortescue Metals, IAG, Wesfarmers profits may push S&P/ASX 200 higher
2015-02-15 08:11:49| Agriculture - Topix.net
All eyes will be on the S&P/ASX 200 with a big week in corporate profits reporting and growing expectations of anothe rate cut. Photo: Peter Braig Growing expectations of another rates cut in Australia and high hopes for the busiest week yet of the February reporting season look set to lift local shares at the start of this week.
Former Coles chief Ian McLeod to leave Wesfarmers
2015-01-23 02:25:55| Agriculture - Topix.net
Former Coles boss Ian McLeod has resigned from the Perth-based conglomerate Wesfarmers to join US retail giant Bi-Lo Holdings. Mr McLeod's departure comes just six months after a change in his role to spearhead Wesfarmers' international expansion plans in a newly created commercial director role.
Wesfarmers, Apollo Said to Jointly Bid for GE Money in Australia
2014-12-15 15:23:57| Agriculture - Topix.net
Wesfarmers Ltd. and Apollo Global Management LLC made a joint bid for General Electric Co.' s Australian consumer-finance arm, which may fetch as much as A$1.5 billion , people with knowledge of the matter said.
Wesfarmers finalises Pac Brands deal
2014-12-02 03:04:08| Agriculture - Topix.net
INCIDENTS of identity theft are alarmingly on the rise. Here's how you can protect yourself from losing tens of thousands of dollars in the latest scams.
Tags: deal
brands
pac
finalises
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