Wesfarmers Strategy Day Puts Bunnings, Kmart Cost Squeeze In Focus
Wesfarmers Limited picked June 10 for its 2026 Strategy Briefing Day in Sydney, putting a spotlight on group plans as cost pressures tighten across Australian retail. The company said in a filing that presentation materials will hit the ASX ahead of an 8:30 a.m. AEST webcast. Timing’s key here as borrowing costs are climbing again. On May 5, the Reserve Bank of Australia bumped its cash rate target—the overnight rate guiding loan costs—up by 25 basis points to 4.35%. The RBA pointed to rising fuel and commodity prices, plus initial signs that companies facing higher costs were preparing to raise their own prices.