Wesfarmers released its full-year results yesterday, and while Bunnings and Kmart are still booming, the conglomerate is facing a familiar retail challenge: labour, energy, transport and supply-chain costs are rising, while Australian households remain under pressure.

Michael Thompson speaks with Wesfarmers Chief Financial Officer Anthony Gianotti about how the owner of Bunnings, Kmart and Officeworks is using productivity gains and artificial intelligence to keep prices down.

They discuss the early results from AI shopping assistants, what Wesfarmers is seeing from consumers, the advantage of Kmart’s Anko brand and why Officeworks is being reshaped around technology.

Wesfarmers released its full-year results yesterday, and while Bunnings and Kmart are still booming, the conglomerate is facing a familiar retail challenge: labour, energy, transport and supply-chain costs are rising, while Australian households remain under pressure. Michael Thompson speaks with Wesfarmers Chief Financial Officer Anthony Gianotti about how the owner of Bunnings, Kmart and Officeworks is using productivity gains and artificial intelligence to keep prices down. They discuss the early results from AI shopping assistants, what Wesfarmers is seeing from consumers, the advantage of Kmart&rsquo;s Anko brand and why Officeworks is being reshaped around technology.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: The AI push inside Bunnings, Kmart and Officeworks

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/4fcd934b-fbc4-4f61-a822-b4b300d698cc/transcript