Wesfarmers Limited
(ASX:WES) has posted an increase in first half sales for all its retail businesses.
Sales at the company’s key Coles supermarkets business rose 4.7 per cent to $18.3 million on the back of food and liquor sales growth.
The conglomerate says Bunnings and Office Works sales rose 4.9 per cent, Kmart sales grew by 3.5 per cent and Target sales were up by 1.2 per cent in the six months to the end of December 2012.
CEO Richard Goyder says the retail businesses experienced record numbers of shoppers during the Christmas period. Mr Goyder says he is pleased with the results and has highlighted the solid performance of Coles, Bunnings and Kmart.
Wesfarmers posted a net profit of $2.1 billion in the 2012 financial year.
