0118 GMT - Australian consumer sentiment is expected to improve after the RBA's rate cuts, possibly hitting demand at Kmart, which until now has done well with its range of budget products. But on a post-results call, Rob Scott, CEO of Kmart-owner Wesfarmers, says that Kmart has been improving the quality of products in its Anko range, and that Anko products are starting to resonate with higher-income families and customers. He says Kmart has refreshed the look and feel of some of its stores. And he adds that Kmart will be revamping the website. "We're seeing some stronger sales of our one-up and two-up products, which suggest that customers are feeling a bit more confident about their capacity to spend," he says, referring to the higher-quality items. (mike.cherney@wsj.com)

(END) Dow Jones Newswires

August 27, 2025 21:18 ET (01:18 GMT)

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