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Wesfarmers: ‘When stores cannot trade, revenue declines’

Australian retail conglomerate Wesfarmers reported its full-year results on Friday, revealing a 10 per cent increase in revenue to $33.9 billion on strong sales growth in retail businesses Bunnings, Kmart Group, and Officeworks. Total online sales increased by 57 per cent to $3.3 billion, as store closures during sporadic Covid-19 lockdowns throughout the year forced customers to shop online. Net profit after tax was up more than 40 per cent to $2.4 billion.  “We continue to see our digit