Australia: Strong results for Bunnings

The DIY store chain Bunnings, with its currently 374 locations in Australia and New Zealand, increased its retail sales in the previous financial year 2018/2019 (ending 30 June 2019) by 5.1% to AUD 13.162 bn. Store-on-store sales grew by 3.9%. In the second half of the year retail sales amounted to AUD 6.256 bn, which corresponds to a growth of 4.7% compared to the same period last year. According to the annual report by the parent company Wesfarmers, Bunnings has now extended the testing of its click and collect offer, which started with a single store trial in Victoria, to all stores in Tasmania. The report further states that the ongoing development of broader digital capabilities and the staged roll-out of a full online transactional offer for Australia and New Zealand remain the main focus.

 

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