The success of Spanish clothing company Zara and other international players has hurt local businesses. Photo: Attila Csaszar

Retail labours under costs burden

OPINION: High fixed and labour costs are big barriers to a sustainable retail sector, as recent failures attest.

February is high season for the insolvency sector, as businesses that have limped through the final few months of the calendar year concede defeat and hand the books over to the breakdown specialists.

Most of these businesses will never emerge from voluntary administration but a lucky few, like Howards Storage World, get a second chance under new ownership.


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Wesfarmers (WES)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
179thSeven Group Holdings51%20%
394thSeven West Media5%-4%
521stAutomotive Holdings Group-16%6%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$191k Bought
$6k Bought
$12k Issued
Total value as at the date of the transaction
Source: Morningstar


2nd-Automotive Holdings Group$6,079.6m
3rd-Seven Group Holdings$2,340.3m
4th-Seven West Media$1,679.0m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Wesfarmers

4thJohn Durkan$5.288m
6thGuy Russo$4.038m
8thTerry Bowen$3.546m
Ranked by total remuneration from all listed WA companies

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