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Bunnings sales grow by 12.5 per cent in 2020/2021

Bunnings operates around 280 stores in Australia and New Zealand.

Bunnings operates around 280 stores in Australia and New Zealand.

In its fiscal 2020/2021 (ended 30 June 2021), Bunnings increased its sales by 12.5 per cent to AUD 16.871 bn (EUR 10.405 bn). Store-on-store sales of the DIY store chain in Australia and New Zealand increased by 11.9 per cent. The outdoor living range grew particularly strongly compared with the previous year. Online penetration increased to 2.3 per cent, according to the annual report of parent company Wesfarmers.

Because sales in the first half of 2020 were so high on account of Covid-19, the growth rates for the period from January to June 2021 were considerably lower. In this second half of the financial year, Bunnings' store sales were only 0.7 per cent higher than the corresponding value for the previous year. On a two-year basis, however, the growth was 25.3 per cent. Online penetration declined to 1.5 per cent in the second half of financial 2020/2021, compared to 3.1 per cent in the first half, reflecting increased customer traffic to stores due to fewer Covid-19-related trading restrictions relative to the first half, said the company. Bunnings has announced that it will accelerate the development of its digital offer by providing retail customers with a more personalised digital experience and introducing a new fully-transactable website for commercial customers.

During the year, Bunnings opened 16 new stores and closed ten stores. At the end of the period there were 278 warehouses, 70 smaller format stores and 30 trade centres in the Bunnings network and five Adelaide Tools stores, including a new-format store that was opened in Parafield, South Australia.

|30 August 2021 | 10:28

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