What cost of living crisis? Kmart owner profit soars

The owner of some of Australia’s best-known chain stores has reported a double-digit profit jump after successfully navigating a cost of living crisis and rising costs. Wesfarmers on Thursday posted a bottom-line net profit of $2.9 billion for the 12 months to June 30, up 14.4 per cent on the prior year. Revenue rose 3.4 […]