News Articles for Bunnings

Wesfarmers has announced two leadership changes today, with Officeworks chief executive Mark Ward set to step down at the end of the year, while former New Zealand prime minister Bill English has been appointed to the board of the Perth-based conglomerate.

Coles' food and liquor sales rose in the third quarter, with parent company Wesfarmers citing lower prices and improved service and quality for customers.

Wesfarmers could find the healthcare sector offers more appeal than retail, as US giant Walmart makes its own moves in that direction.

Former Bunnings managing director John Gillam has been named as the incoming chairman of building products company CSR while Macmahon Holdings has bolstered its board by recruiting former Alcoa executive Kim Horne.

ANALYSIS: Investors are taking note of Wesfarmers' fraught foray into the UK hardware market.

ANALYSIS: New retail arrivals continue to pile pressure on established operators, with Wesfarmers feeling the pain on several fronts.

Bunnings' property arm, ASX-listed BWP Trust, will deliver a higher distribution payout to its stakeholders after achieving a solid full-year result.

OPINION: Bunnings is running two contrary strategies in Australia and the UK as it takes an offensive defensive posture against Amazon.

Old houses in Britain and Ireland are a key reason home improvement giant Bunnings expects its UK expansion to be a success.

Wesfarmers is considering a spin-out of its profitable Officeworks business, which contributed to strong earnings growth for the Perth-based conglomerate in the first half alongside Bunnings and Kmart.

Incoming Wesfarmers managing director Rob Scott, who will formally take his new job late this year, says the business will continue to thrive on the back of its diversity across markets.

Wesfarmers managing director Richard Goyder will step down this year after more than 12 years in charge of the company to be replaced by his deputy, Rob Scott.

At least two Western Australian Bunnings warehouses will close as part of the hardware giant's purchase of Woolworths' Masters sites, BWP Trust has disclosed.

ANALYSIS: The popularity of online shopping in the US has reached a tipping point, breaking bricks and mortar retailers' hold on the market.

No sooner have retailers modified their business model to deal with a new technology than along comes a fresh challenge to the sector.

Dr Chris Pointon has been appointed independent non-executive chair of Avenira following the passing of non-executive chair Richard Block.

Bunnings' long-serving chief executive John Gillam has announced he is stepping down from the role, but will continue to serve the business as an adviser.

Prices in one of Perth's newest residential enclaves, The Springs at Rivervale, are holding value better than apartments across the wider Perth metropolitan area, despite concerns of excess supply restraining capital growth.

SPECIAL REPORT: Perth's suburban office market is becoming as patchy as that in the CBD, with Joondalup and Fremantle emerging as the only upcoming opportunities for new developments.

Wesfarmers chief executive Richard Goyder has taken a substantial pay cut with a halving in his short-term incentive payments after a year in which his Coles-owning conglomerate took a hefty hit to profits.

ANALYSIS: No-one knows how long it might take for Wesfarmers' foreign foray to bear fruit, and at what cost.

The short selling of shares in some of Australia's biggest retail stocks suggests investors are concerned about the sector's future.

Bunnings' property arm, BWP Trust, has posted a solid 48 per cent increase in net profit for the 2016 financial year, backed by some big revaluations and higher rental growth.

The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.

SPECIAL REPORT: Rising Stars winner Injury Connect found initial success targeting an under-serviced niche market, but is now pursuing broader growth.

The Art Gallery of Western Australia has drawn on old supporters led by Wesfarmers and new partners like a robotics startup to help revitalise its activities.

TPG's half-year profit statement suggests where a company is headquartered may be less important than the value for money of its offering.

Fierce competition among prospective buyers for a Bunnings Warehouse property in Joondalup has again illustrated the attractiveness of retail assets for property investors.

SPECIAL REPORT: Garden products manufacturer Richgro has marked its centenary by completing a major capital project that adds a new dimension to the business.

Retail giant Woolworths has been ordered to pay more than $11 million to a Victorian property developer for breaking a contract for the construction of a Masters hardware store.

Is Wesfarmers' $705 million acquisition of UK hardware chain Homebase a fantastic opportunity or a case of hubris that will lead to disappointment?

Wesfarmers has announced plans to spend over $1 billion in the UK market after sealing a deal to buy the Homebase home improvement chain for $705 million and rebrand it as Bunnings.

Woolworths is abandoning its multi-billion dollar foray into the Australian home improvement market following years of losses, putting 7,000 jobs at risk.

A recent addition to the Business News offering is keeping track of WA's performance on the markets this year. The opening weeks have not been good.

For as long as I can remember, I've asked the Wesfarmers leadership when they would look at an international expansion.

Perth-based conglomerate Wesfarmers is poised to make its first major move outside Australasia, offering $A700 million to acquire the Homebase home improvement chain in the UK and revealing plans to develop a new Bunnings-branded business in that market.

BGC Development has done the almost unthinkable in current office market conditions, finding an anchor tenant for its under-construction building at 25 Rowe Avenue in Rivervale despite widespread c

Wesfarmers' incoming chairman Michael Chaney will inherit challenging conditions in the conglomerate's industrial and resources division, but continued solid earnings from its retail businesses including Coles and Bunnings.

Coles' food and liquor sales growth has eased further as the supermarket price war ramps up with German discounter Aldi's aggressive expansion.

New retail trading laws for WA will affect businesses as varied as Bunnings, Masters, stallholders at short-term markets and even shops on Rottnest Island as the state government moves to widen trading hours and remove anomalies in current regulations.