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Bunnings’ British and Ireland investment sinks deeper into trouble

Hardware giant Bunnings’ attempt to invade the British Isles has sunk deeper into trouble, with its first-quarter sales in the UK and Ireland falling more than 13 per cent.

Retail conglomerate Wesfarmers on Wednesday said its Bunnings United Kingdom and Ireland division had sales of £276 million ($457 million) in the first three months of the financial year, down from £320 million a year earlier.

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Wesfarmers half-year mixed bag

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The retail giant reported strong results from Bunnings, Kmart and Officeworks, but a decline in earnings from Coles and Target.

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