SYDNEY--Australian conglomerate Wesfarmers Ltd. (WES.AU) Friday warned that weak sales volumes and price discounting meant earnings at its Target stores are likely to be "disappointing" in fiscal 2013.

"This joint venture with ISPT progresses Wesfarmers' plans to recycle capital in business divisions that have experienced strong growth in freehold property.

Wesfarmers Limited (ASX: WES), the owner of Coles, Bunnings, Kmart and Officeworks as well as coal and insurance businesses, saw its shares rise 3.3% to $44.20.

Defensives were also weaker: Top telecommunications provider Telstra Ltd tumbled 1.6 percent while insurer QBE Insurance Ltd lost 3.6 percent.

Dulux will instead follow the example set and align itself with its key retail paint channel partners, like Bunnings - owned by Wesfarmers Limited (ASX: WES) and Mitre 10 - owned by Metcash Limited (ASX: MTS). DuluxGroup says the decision is not ...

Myer's recent success may be partly to blame for the lack lustre results Wesfarmers Limited (ASX: WES) is experiencing in its discount department store, Target.

Wesfarmers Limited (ASX:WES) may come under pressure to return some of its wealth to investors amid estimates it could be holding as much as $3.5 million in excess capital, according to media reports.

Even this basic step is hobbled by shortages of cars, engineers, money and information, emphasizing that efforts to oversee improvements cannot depend on the Bangladeshi government's limited resources. Instead, any ... Shops on the ground floor sell ...

Kmart, the Australian discount department-store unit of Wesfarmers Ltd. (WES), said it ceased production earlier this month at a Bangladesh clothing factory and evacuated workers after the plant was designated unsafe.

Wesfarmers Limited (ASX:WES) owned Target expects its full year earnings to shrink by up to 43 per cent. The conglomerate has advised its retailing brand has been hit by softer sales on the back of a late start to the winter season, excess inventory ...