SYDNEY, June 9, 2026, 04:04 (AEST)
Wesfarmers shares will face trading on Tuesday as the Australian Securities Exchange reopens, with the market watching a strategy update mid-week. Investors are looking for details on the company’s plan to put its Blackwoods and Workwear Group operations under the Bunnings banner.
ASX cash market didn’t trade Monday because of the King’s Birthday holiday, so Friday’s A$78.93 is still the last close ahead of the short week. No settlement on Monday. The equity market starts pre-open at 7:00 a.m. Sydney and regular trade begins around 10:00 a.m.
Wesfarmers ended up 0.41% Friday, though that wasn’t enough to pull it out of a rough week. Shares dropped roughly 1.1% since the May 29 close at A$79.79. The S&P/ASX 200 lost 0.70% on Friday to end at 8,625.10.
Wesfarmers’ latest corporate news was last week’s announcement that Blackwoods and Workwear Group will shift to Bunnings Group starting July 1. The company expects the move will enhance customer offers, push up sales and reduce costs. Financial results from the two businesses will be reported under Bunnings from the first half of fiscal 2027.
Wesfarmers Chief Financial Officer Anthony Gianotti said the company saw “a significant opportunity to leverage greater scale.” Bunnings Managing Director Mike Schneider said there should be “more choice, better product availability” for customers. Wesfarmers said it does not expect any material one-off costs from the move.
Wesfarmers will hold its Strategy Briefing Day in Sydney on June 10, with the event set to kick off at 8:30 a.m. AEST after presentation materials hit the ASX. The next known event is Wednesday. Full-year results are due Aug. 27.
A Friday filing said Kenneth Norman MacKenzie, who joined the board as a director on June 1, didn’t hold any shares himself but was indirectly interested in 8,148 fully paid ordinary shares via a family superannuation fund. These are the company’s standard listed shares.
Peer moves help explain the action, but Wesfarmers doesn’t line up directly with the supermarket names. Coles finished the day at A$22.21, adding 1.88%. Woolworths closed at A$35.69, up 1.22%. That’s more demand for food retail stocks than for Wesfarmers, which brings hardware, department stores, office supplies, health, chemicals, and industrials to the table.
Bunnings is a big piece of Wesfarmers’ numbers. Reuters calls Wesfarmers Australia’s largest non-food retailer, with Bunnings and Kmart key for the company. Investors often use its trading updates to get a sense of household spending, home improvement demand and small-business trends.
Short weeks can spark bigger moves than Friday’s quiet finish. Back in February, Wesfarmers topped first-half profit estimates. Shares still dropped after Wesfarmers flagged patchy consumer spending. CEO Rob Scott called inflation “one of the major challenges” in Australia, saying lower-income families “bear the brunt of it.” Reuters
Wesfarmers faces two tests on Tuesday and Wednesday: if shares can stay in the high-A$70s, and if the team will lay out details or dates for the Bunnings industrial move. Trade could be choppy after the holiday. The stock has a reason to move, but it still lacks conviction.
