Wesfarmers (ASX:WES) refuses to support rival Woolworth on API transaction

  • Dec 15, 2021 AEDT
  • Samta

Highlights Wesfarmers decided not to support Woolworths' buyout bid on ongoing API transactions. Woolworths trespassed the deal with its AU$1.75 per share bid resulting in a bidding war between the two largest retailers.  Wesfarmers has ...

Three ASX retail shares grabbing investors’ attention – JAT, CL8, PMV

Highlights ASX-listed retail space players have been gaining traction amid the holiday season. ANMA, a subsidiary of retailing firm JAT, is set to boost its revenue with a new dairy purchaser agreement. Carly Holdings has successfully wrapped ...

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Highlights The data released by the Australian Bureau of Statistics has indicated month-on-month growth of 4.9% in retail sales in October 2021.  Consumers’ discretionary spending in clothing, footwear, and personal accessory retaili...

Harvey (ASX:HVN) revenue falls 8.8% in recent quarter

The ASX-listed retailing Company Harvey Norman Holdings Limited (ASX:HVN) announced that the aggregated sales revenue has decreased 8.8% from HVN-chain stores across the globe during the period starting from 1 July 2021 to 21 November 2021.  ...

Wesfarmers (ASX:WES) share price rose 8.7% in a month. Here’s why

Highlights ASX:WES is on an uptrend since last month. Wesfarmers recently acquired a stake in ASX:API. The Company also held its 2021 AGM. The share price of ASX listed retailer, Wesfarmers Limited (ASX:WES) is witnessing a subtle upsurge...

FoodByUs raises $10M in Series A round

Sydney-headquartered hospitality food wholesale marketplace, FoodByUs, has raised $10 million in its Series A round led by Macquarie Capital. Base Capital and New York marketplace investor F J Labs also participated in the round. FoodByUs is an on...

5 ASX retail stocks to look at ahead of Black Friday Sale

Black Friday sale, a golden ticket to the hottest bargains, is just around the corner, and the shopping frenzy among customers has already kicked in. The shopping extravaganza when mammoth discounts are offered from fashion to electronics globally ...

Bunnings and Officeworks to join Flybuys’ loyalty program

Highlights Flybuys announces that it will sign a partnership deal with Officeworks and Wesfarmers’ Bunnings retail chain in December 2021. Officeworks is an Australian retailer that deals in stationery, technology, furniture, and student ...

Wiseway (ASX:WWG) reports steady performance in Q1 FY22

Highlights Wiseway has shared that its Revenue grew to AU$32.1 million in Q1 FY22 against AU$31 million in Q1 FY21. The Group revealed that the air freight dry cargo volume saw a significant decline due to the ongoing Coronavirus pandemic, limi...

Charter Hall (ASX:CQR) posts resilient Q1-FY22, ups earnings guidance

Highlights Charter Hall Retail REIT shares FY22 earnings and distribution guidance. ASX:CQR shares have opened higher on ASX. CQR shares have gained over 11% in the last three months Owner of convenience stores’ property Charter Hal...