Wesfarmers is an Australian-based company with diversified operations in home improvement, outdoor living, and building materials; general merchandise and apparel, office and technology products, health, beauty, and wellbeing products, wholesale pharmacy distribution, manufacturing and distribution of chemicals and fertilizers, mine development and construction, industrial and safety product distribution, retail and commercial energy supply; and a data and digital ecosystem.
The operating segments of Wesfarmers include Bunnings, Kmart Group, Chemicals, Energy and Fertilisers (WesCEF), Officeworks, Industrial and Safety, Health, and others. It operated with a total of 1,687 stores adding 675 stores in FY2022.
Bunnings is one of the leading retailers of home improvement and lifestyle products in Australia and New Zealand, and a major supplier to project builders, commercial tradespeople, and the housing industry. As of FY2022, Bunnings operated 507 locations, including large warehouses, smaller format stores, trade centers, and specialist stores.
The Kmart Group comprises Kmart and Target which are retailers of apparel and general merchandise, including toys, leisure, entertainment, home, and consumables, and operated 452 stores across Australia and New Zealand. Kmart operated 324 stores throughout Australia and New Zealand and Target operated 128 stores across Australia as of FY2022.
Officeworks is a retailer and supplier of office products and solutions for households, small-to-medium-sized businesses, and the education sector. During FY2022, it upgraded 75 stores, opened two new stores, and relocated three stores. The total store count was 168 stores at the end of the year across Australia.
Wesfarmers OneDigital was established in 2022 as a digital business platform that includes the Catch marketplace, the OnePass membership program, and the OneData Group data asset. In addition to powering Wesfarmers OneDigital, it will give customers a more seamless, rewarding, and valuable omnichannel experience.
Having acquired Australian Pharmaceutical Industries (API) in March 2022, the Health division was formed. This division included 89 Priceline stores, 376 Priceline pharmacy franchises, and 95 Clear Skincare Clinics as of FY2022.
The store count in FY2019 came down to 1,061 stores. This was due to the demerger of Coles Group by Wesfarmers leading to discontinued operations. As part of the demerger, Wesfarmers retained a 15% minority stake in Coles. It also divested its businesses in KTAS, Bengalla, and Quadrant Energy later in 2018.
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