Despite the continuation of sales growth to date across most operating divisions and moderated supply chain risks, there has, in recent days been a weakness in sales of discretionary products such as apparel, particularly in Target. This shift in customer behaviour is expected to continue and represents a risk to the outlook for retail sales across the group as Australian and other governments take action to contain the impact of Covid-19.
Trading update
Wesfarmers’ retail sales in line with expectations
Despite the continuation of sales growth to date across most operating divisions and moderated supply chain risks, there has, in recent days been a weakness in sales of discretionary products such as apparel, particularly in Target. This shift in customer behaviour is expected to continue and represents a risk to the outlook for retail sales across the group as Australian and other governments take action to contain the impact of Covid-19.