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Retailer Wesfarmers Sees 'Caution' Among Australian Consumers
Posted
September 10, 2024
Views
16,160
Likes
142
Comments
36
Engagement
September 10, 2024
16,160
142
36
1.10%
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12:15Now PlayingAustralia's weak consumption has been weighing on the nation's economic growth, with last week's GDP numbers showing consumer spending slowing to a crawl in the June quarter. Wesfarmers is Australia's largest non-food retail group and operates some of country's most recognizable brands including Bunnings, Target and KMart. CEO and Managing Director, Rob Scott says there is a real degree of caution from households, in particular younger families who are dealing with higher interest rates.
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