Green leaves in Coles' fridge

Like Woolworths, sales figures for Wesfarmers tell a creditable story. And the relative strength of both company's results may signal the very beginning of a wider retail recovery.

Within the Wesfarmers’ retail sales results released today, and those of Woolworths’ earlier this week, are the first tentative signs that the retail recession might be easing. Either that or the rest of the retail sector is being ravaged by the major chains.

The alternative explanation, of course, is that the uplift in the fourth quarter was an aberration driven by the Gillard government’s "cash splash" and that the sector will sink back into recession-like conditions.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles