The Distillery: Shop worn

Jotters wonder if Wesfarmers' disappointing results point to a problem at the top with one arguing the proof will be in the Christmas sales pudding.

Wesfarmers provided a rare disappointing sales result to the market yesterday, with Bunnings the lingering bright spot. The figures have commentators wondering if Coles boss Ian McLeod has lost his midas touch or whether it’s just a blip on the way to a further closing of the gap to Woolworths.

The big holiday seasons ahead will provide the answers, according to The Australian’s John Durie.


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