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Sales soar at Bunnings, Officeworks as people spend more time at home

Published: (Updated: ) in Australian News by .

Coronavirus restrictions have forced widespread shutdowns leading to a rise in home improvements as people turn their attention to DIY projects.

Wesfarmers says it is seeing significant demand growth in its Bunnings and Officeworks businesses as customers continue to spend more time at home, amid coronavirus restrictions.

Sales growth at Bunnings is up 19.2 per cent in the second half of the financial year, compared to 5.8 per cent in the first half.

Officeworks has also seen sales growth jump to 27.8 per cent in the second half compared to 11.5 per cent in the first half.

While sales momentum in Kmart and Target has improved in recent weeks with a general increase in customer footfall in shopping centres, both businesses continue to under perform.

Second half sales grew by just 4.1 per cent in Kmart and declined by 1.8 per cent at Target.

Source: 9News https://www.9news.com.au/national/sales-soar-at-bunnings-officeworks-as-people-spend-more-time-at-home-coronavirus-lockdowns/8ceced30-1836-47c7-9811-8b47f2db9b5b

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