Wesfarmers’ Limited
(ASX:WES) owned Bunnings has considered the growth potential of markets outside of Australia and New Zealand, according to media reports.
Bunnings boss John Gillam reportedly told a Hardware Federation of Australia lunch he believes there has been a gradual improving trend in consumer confidence over the past 24 months.
He also said Bunnings had built its success on catering for all shoppers, especially families.
Mr Gillam says the promise of strong returns could compel an international expansion one day, but there are no immediate plans to do so.
Wesfarmers generated a net profit of $2.26 billion in fiscal 2013
