STOCKS | Wesfarmers Shares Decline Following Disappointing Retail Performance

Australian conglomerate Wesfarmers experienced a significant drop in its share value, marking the largest decline since October. Bloomberg posted on X that the company's key retail units underperformed in the first half, failing to meet analyst expectations. This downturn has raised concerns among investors about the future prospects of Wesfarmers' retail operations. The company's performance is being closely monitored as stakeholders assess the impact on its overall market position.