2345 GMT - Wesfarmers's Bunnings business may not necessarily be able to replicate its earlier successes with pet goods and cleaning supplies when it starts selling auto accessories, Citi analyst Sam Teeger says. He tells clients in a note that an initial look at the hardware retailer's auto range showed some important brands are missing, and a number of price tags higher than those offered by incumbents Bapcor and Super Retail Group. Teeger also wonders how Bunnings's presentation strategy will evolve as the products are rolled out nationally. Right now, he doesn't think the category will justify wide-scale promotion at the front of Bunnings's stores. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 25, 2025 19:45 ET (23:45 GMT)
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