Wesfarmers Limited (ASX:WES) provided an update on the impact of COVID-19 pandemic on retail trading, and the continuing actions being taken across the Group to support team members and customers and further strengthen the Group’s balance sheet.
As the customers with their families spent more time working, learning and relaxing at home, the Company experienced considerable demand growth in Bunnings and Officeworks over previous two months.
Consequently, sales growth in its Bunnings and Officeworks for the Q3 FY2020 and the first three weeks of April has risen relative to levels achieved in the first half of the financial year.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
