Click & collect: Bunnings doubles profits to $52m

Click & collect: Bunnings doubles profits to $52m
New store openings planned, despite wage subsidies and recent store closures. (Image: supplied)
Brent Melville
A buoyant building and home renovation market helped Australian hardware giant Bunnings double net income to $52.3 million to June, from $25.1m last year.The Wesfarmers-owned building materials and DIY retailer pushed revenues up by almost $300m to $1.6 billion. It paid a dividend to its parent of $86.1m.Selling expenses climbed to $330.6m from $287.3m, as its New Zealand operation absorbed some of the additional costs of doing business under covid restrictions, including investing more into digital sales and its 'click and collect' sys...

More Retail

Capital raise helps Paper Plus co-op out of jam
Retail

Capital raise helps Paper Plus co-op out of jam

The co-operative tapped members last year after it breached banking covenants.

Gregor Thompson 29 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.