Major retail conglomerate Wesfarmers says its Target and Kmart stores have been most heavily impacted by lockdowns across Sydney and Melbourne, but is expecting shoppers to spring back to stores once things reopen.
At the company’s full-year results in August, Wesfarmers reported falls in trade across its retail divisions for the first eight weeks of the new financial year, most notably at Kmart and Target where sales fell 14.3 per cent. “Officeworks has benefited from strong demand to support customers who are working and learning from home, but the shift in sales mix towards technology and furniture products has continued to impact margins.”Online sales have remained strong during the lockdowns, Mr Scott said, and Wesfarmers’ businesses were well-placed coming into the peak Christmas period, with plenty of stock despite the ongoing global shipping delays.
domp Boo fkn Hoo
domp Yes, yet in Qld they were kept open
domp WhoPaidPorter
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