Wesfarmers is betting on adopting AI to weather the retail downturn

Wesfarmers CEO Rob Scott said the group behind hardware giant Bunnings and Kmart was well positioned to deliver superior returns for shareholders in a challenging consumer environment by using artificial intelligence to boost productivity in its stores.

Over the last decade, Wesfarmers’ return on equity has improved significantly and Scott told an investor day in Sydney on Wednesday that the total shareholder return had outperformed the market.

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