Wesfarmers Ltd

Wesfarmers Ltd. engages in the provision of fresh food, groceries, general merchandise, liquor, fuel, and financial services. It operates through the following segments: Bunnings; Kmart Group; Chemicals, Energy, and Fertilisers (WesCEF); Officeworks; Industrial and Safety; Health; Catch; and Other. The Bunnings segment consists of retailers of building materials and home and garden improvement products and servicing households and commercial customers including builders, trades, and businesses. The Kmart Group segment comprises of Kmart and Target which are retailers of apparel and general merchandise, including toys, leisure, entertainment, home, and consumable; and Catch which is an online retailer offering branded products on a first-party basis and a third-party online marketplace. The WesCEF segment refers to manufacturer and marketer of chemicals for industry, mining, mineral processing, broadacre and horticultural fertilisers, marketer and distributor of LPG and LNG; and manufacturer of wood-plastic composite decking and screening products. The Officeworks segment covers the retail and supply of office products and solutions for households, small-to-medium sized businesses, and the education sector. The Industrial and Safety segment supplies and distributes maintenance, repair, and operating products; manufactures and markets industrial gases and equipment; supplies, manufactures, and distributes workwear clothing in Australia and internationally. The Health segment wholesales and retails pharmaceutical, health, wellbeing, and beauty products. The Catch segment operates as an online retailer offering branded products on first-party basis and a third-party online marketplace. The Other segment includes food and stables retailing; forest products; property; investment banking; OneDigital, and Corporate. The company was founded in 1914 and is headquartered in Perth, Australia.

Australian retail conglomerate Wesfarmers Ltd on Thursday posted a 14.2% drop in first-half profit due to COVID-19 curbs and supply chain disruptions, and warned issues including labour constraints will persist in the second half.

Wesfarmers first-half profit dives as Omicron disrupts business

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Wesfarmers Ltd (ASX:WES) and Coles Group Ltd (ASX:COL) have benefited greatly from changing consumer trends thanks to the ongoing COVID-19 pandemic and are likely to continue their upward trajectory, according to global credit consultant S&P Global. Wesfarmers, which owns brands including Bunnings, Officeworks and Kmart, has seen its shares rise to new all-time highs of $56.40 this year, although Coles Group, which controls the Coles supermarkets, this week fell to just above $16, about the point it was trading before the market-wide pandemic slide last March.

Wesfarmers growth showing no signs of slowing in 2021 and it's the same at Coles

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Wesfarmers (ASX: WES) reported an unparalleled 89% increase in its digital sales in 2020 so far on Tuesday. The Australian company attributed the increase in online sales to the Coronavirus pandemic that restricted people to their homes and increased demand for internet shopping.

News for Wesfarmers Ltd Stock (WFAFY)