OFFICE EQUIPMENT AND SUPPLIES – AUSTRALIA

Officeworks tipped for more growth

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Original article by Sue Mitchell
The Australian Financial Review – Page: 20 : 18-Sep-18

Wesfarmers’ Officeworks division posted earnings growth of 8.3 per cent in fiscal 2018, with sales rising by 9.1 per cent and return on capital up 13 per cent. MD Mark Ward is upbeat about the outlook for Officeworks, expressing confidence that it can maintain the recent growth momentum. Although Ward will retire in late 2018, Wesfarmers has yet to appoint a successor as it is focused on the upcoming demerger of Coles.

CORPORATES
OFFICEWORKS SUPERSTORES PTY LTD, WESFARMERS LIMITED – ASX WES, COLES SUPERMARKETS AUSTRALIA PTY LTD, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, ONTHEGO PTY LTD

Officeworks ready to take on Amazon

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Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 16-Jun-17

Officeworks is diversifying away from its traditional office products market as it prepares for Amazon’s arrival in Australia. MD Mark Ward says the areas that it is looking to expand into include parcel delivery, art supplies and business processing, and that the value of the current and potential markets that it is looking to operate in is around $A55 billion. Ward says he was "not disappointed" by parent company Wesfarmers’ decision not to proceed with an initial public offering for Officeworks.

CORPORATES
OFFICEWORKS SUPERSTORES PTY LTD, AMAZON.COM INCORPORATED, WESFARMERS LIMITED – ASX WES, AUSTRALIA POST, STARTRACK COMMUNICATIONS (AUSTRALIA) PTY LTD, COLES GROUP LIMITED, MOULA PTY LTD, STAPLES INCORPORATED, OFFICE DEPOT INCORPORATED