
Bunnings Warehouse is wholly owned by Wesfarmers Limited (ASX: WES), an Australian publicly traded conglomerate. Wesfarmers acquired Bunnings in 1994. Bunnings reported FY2025 (year ended June 30, 2025) revenue of A$19,595 million, up 3.3% from A$18,968 million in FY2024. H1 FY2026 revenue was A$10,713 million, up 4.2%. Bunnings is Australia's dominant hardware and home improvement retailer with over 500 stores across Australia and New Zealand. Bunnings was founded in 1886 by the Bunning brothers in Western Australia.
Parent Company
Acquired
1994
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Bunnings Warehouse | Wesfarmers Limited | Wholly owned |
Bunnings began in 1886 when brothers Arthur and Robert Bunning established a small sawmill and hardware business in Perth, Western Australia. The company operated as a conventional hardware and timber merchant for most of its early history, serving the Western Australian market.
In 1994, Wesfarmers acquired Bunnings. At the time, Bunnings was a Western Australian hardware chain with limited national presence. Wesfarmers recognized the potential to transform the business into a national warehouse-format retailer modeled on the success of U.S. home improvement chains like Home Depot and Lowe's.
The warehouse format was developed in the mid-1990s. The concept emphasized large store footprints, extensive product ranges, low prices, and strong customer service. The first Bunnings Warehouse opened in 1994 in Sunshine, Victoria. The format proved immediately popular with both DIY consumers and trade customers.
Throughout the late 1990s and 2000s, Bunnings expanded rapidly across Australia, opening warehouse stores in every state and territory. The company acquired smaller hardware chains to consolidate its market position. Bunnings expanded into New Zealand in 2001, establishing a significant presence across the Tasman.
In 2016 and 2017, Bunnings attempted to enter the U.K. market by acquiring Homebase, a British home improvement chain, for A$705 million. The venture was a failure. Bunnings rebranded Homebase stores to the Bunnings format, but the conversion was poorly received by U.K. consumers. Wesfarmers sold the U.K. business to Hilco Capital in 2018 for a nominal amount, recording a significant loss on the investment. This failure remains one of the most notable Australian retail expansion missteps.
In the 2020s, Bunnings has focused on its core Australian and New Zealand markets, expanding its store network, growing its digital capabilities, and expanding into adjacent categories. The company acquired Beaumont Tiles, a tile retailer with over 110 stores, and launched Tool Kit Depot, a specialist trade tool format. Bunnings also expanded its commercial business, serving builders, tradespeople, and commercial customers through dedicated trade centres and accounts.
In FY2025, Bunnings completed the rollout of its new warehouse tool shop format, which is now in 283 stores. The company continues to invest in its store network, digital platform, and product range expansion.
What does Wesfarmers own?
Wesfarmers owns Bunnings Warehouse (home improvement retail), Kmart, Target Australia, Officeworks, Wesfarmers Health (including Priceline Pharmacy, Clear Skincare, Soul Pattinson Chemist, Silk Laser Clinics), Blackwoods (industrial supplies), Workwear Group, WesCEF (chemicals, energy, fertilisers), and Catch (online marketplace). The company also holds a 50% stake in the Covalent Lithium joint venture (Mt Holland lithium project) in Western Australia with SQM.
Is Wesfarmers publicly traded?
Yes, Wesfarmers Limited is listed on the Australian Securities Exchange under ticker WES. The company has been publicly listed since 1984, having converted from a cooperative structure. Wesfarmers has a broad institutional and retail shareholder base with no single controlling shareholder, and is owned by more than 480,000 shareholders.
What is Wesfarmers' annual revenue?
Wesfarmers reported revenue of A$45.7 billion for fiscal year 2025 (ended June 30, 2025), up 3.4% from A$44.2 billion in FY2024. Net profit after tax was A$2.93 billion, up 14.4% year over year. Earnings before interest and tax totaled A$4.47 billion, up 11.9%. The company declared a full-year ordinary dividend of 206 cents per share plus a capital management distribution of 150 cents per share.
Who founded Wesfarmers?
Wesfarmers was founded in 1914 in Perth, Western Australia as the Western Australian Farmers Cooperative, providing services and supplies to farmers. George James Brockman and Walter Harper were among the founding figures. The company converted from a cooperative to a publicly listed company in 1984, listing on the Australian Securities Exchange.
Where is Wesfarmers headquartered?
Wesfarmers is headquartered in Perth, Western Australia, Australia. The company has maintained its headquarters in Perth since its founding, reflecting its origins as a Western Australian farmers' cooperative. Wesfarmers operates businesses across Australia, New Zealand, and other countries.
How many employees does Wesfarmers have?
Wesfarmers employed approximately 118,000 team members as of June 2025, making it one of Australia's largest private sector employers. The company's largest division by headcount is Kmart Group with approximately 38,000 team members. Wesfarmers employed 4,163 Aboriginal and Torres Strait Islander team members as of June 2025.
Who is the CEO of Wesfarmers?
Rob Scott has served as Managing Director and CEO since 2017. The board is chaired by Michael Chaney, who is scheduled to be succeeded by Ken MacKenzie from the conclusion of the 2026 Annual General Meeting. Under Scott's leadership, Wesfarmers has expanded into health through the API acquisition and lithium through the Covalent Lithium joint venture.
What is the Bunnings UK failure?
Between 2016 and 2018, Wesfarmers attempted to expand Bunnings into the United Kingdom and Ireland by acquiring Homebase for approximately A$1.7 billion. The venture failed due to differences in the UK home improvement market and Bunnings's inability to replicate its Australian model. Wesfarmers exited the UK market, writing off the investment, which remains one of the most significant Australian retail expansion failures.
Bunnings operates under Wesfarmers' sustainability framework, which covers environmental responsibility, social impact, and ethical business practices.
In FY2025, Bunnings reduced its Scope 1 and Scope 2 market-based emissions to 24.6 ktCO2e, down from 49.4 ktCO2e in FY2024, a 50% reduction. This was achieved through energy efficiency measures, solar panel installations on warehouse roofs, and renewable energy procurement. In H1 FY2026, Scope 1 and 2 emissions were 8 ktCO2e, down from 17 ktCO2e in the prior comparable period.
Bunnings maintains sustainable timber sourcing policies. The company works with suppliers to ensure timber products meet environmental certification standards. Bunnings offers customers a growing range of sustainable products, including energy-efficient appliances and environmentally friendly building materials.
The company implements waste reduction and recycling programs across its store network. Bunnings offers customers recycling programs for products including batteries, paint, and building materials. Packaging reduction initiatives are in place across the supply chain.
Wesfarmers publishes a Modern Slavery Statement annually, covering Bunnings' supply chain. Bunnings implements supplier assessment programs and due diligence processes to identify and mitigate modern slavery risks. The company's supply chain includes manufacturing in Asia, where modern slavery risks are higher.
Bunnings supports Indigenous employment programs as part of Wesfarmers' reconciliation commitments. Wesfarmers reported 4,707 Aboriginal and Torres Strait Islander team members across the group in H1 FY2026, up from 4,500.
The Total Recordable Injury Frequency Rate (TRIFR) for Bunnings was 13.5 in H1 FY2026, down from 14.4, reflecting ongoing investment in workplace safety.
Bunnings does not hold B Corp certification. Its sustainability reporting is included within Wesfarmers' annual sustainability report.
Bunnings was named Australia's Most Trusted Retail Brand in the Roy Morgan Trusted Brand Awards for multiple consecutive years, including 2024. The hardware retailer won the 'Best of the Best' award in the retail category.
Bunnings was ranked among Australia's overall Top 20 Most Trusted Brands across all categories, alongside brands like ALDI, Kmart, Toyota, and Australia Post.
Bunnings claimed the top spot in Australian online retail at the All Star Bash retail awards in 2024, moving up from fourth place the previous year to surpass Kmart.
The sausage sizzle fundraising stalls outside Bunnings stores have become an Australian cultural institution, raising millions of dollars for community organizations, schools, and charities. While not a formal award, this community engagement is one of the most recognized aspects of the Bunnings brand.
Bunnings has experienced occasional product safety recalls, as is common for retailers with extensive product ranges. These have included recalls of power tools with safety defects, building materials that failed to meet Australian standards, and garden products with potential safety hazards. Each recall has involved customer notification and product replacement.
The U.K. Homebase acquisition and subsequent failure in 2016-2018 was a major strategic misstep. Wesfarmers acquired Homebase for A$705 million, attempted to rebrand stores to the Bunnings format, and sold the business to Hilco Capital in 2018 for a nominal amount. The failure cost Wesfarmers hundreds of millions of dollars and demonstrated that the Bunnings format does not easily translate to markets with different consumer preferences and competitive landscapes.
Bunnings' market dominance has drawn scrutiny from competition regulators and smaller hardware retailers. The ACCC has conducted market studies on the hardware and building supplies sector. Some independent retailers have raised concerns about Bunnings' market power and its impact on smaller competitors. However, regulatory authorities have generally found that Bunnings operates within competitive market standards.
Supply chain disruptions during the COVID-19 pandemic and subsequent global shipping challenges led to product shortages and increased costs for certain building materials. Bunnings worked to diversify its supply chain to maintain product availability.
The wind-up of the BPI (Bunnings Property Investment) structure in September 2025 involved sale and leaseback transactions for Bunnings properties. Wesfarmers agreed to sale and leaseback transactions for 6 of 15 properties in the BPI structure, valued at approximately A$290 million. This was a financial restructuring rather than a controversy, but it represented a change in Bunnings' property ownership strategy.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Coles Group | Australia | 1914 | Mass market | Asia pacific | All Genders | |
| Woolworths Group | Australia | 1924 | Mass market | Australia | All-ages | |
| Wesfarmers | Australia | 1969 | Mass market | Australia | All Genders |
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Australian supermarket chain operating over 800 grocery stores, liquor outlets, and convenience stores across Australia. Publicly traded on ASX under ticker COL. Spun off from Wesfarmers in 2018.
Retail EcommerceOwned by Woolworths Group Limited
Australia's largest supermarket chain, operating over 1,000 stores across the country. Owned by Woolworths Group Limited (ASX: WOW). Known for grocery retail, fresh food, and private label products.
Retail EcommerceOwned by Wesfarmers Limited
Australian discount department store chain offering general merchandise, clothing, homewares, and toys at budget prices. Operates over 300 stores across Australia and New Zealand.
Market Positioning: Bunnings Warehouse competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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