Wesfarmers Teams Up With AI Companies to Boost Earnings; Expands Bunnings Market; Shares Up 3%
MT Newswires Live
Jun 10
Wesfarmers (ASX:WES) said it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth, according to a Wednesday Australian bourse filing.
The company said it will use AI for agentic and conversational commerce and AI assistants for team members and supply chain optimization, among other applications.
Wesfarmers said it is also expanding the addressable market and product offer for its Bunnings business, which it said has been resilient through challenging economic, geopolitical and financial market conditions.
The company's shares rose nearly 3% in recent Wednesday trade.
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