The Australian featured a set of articles covering the latest updates published by major Australian retailers. Wesfarmers kept plodding along, handicapped by their UK Bunnings venture and a struggling Target. Wesfarmers CEO made some enthusiastic comments about Flybuys, but after 24 years of operation, we are yet to see real benefits in terms of smart customer engagement, based on the tons of data collected so far. Woolworths enjoyed solid growth, as a 4%+ like-for-like revenue increase is impressive within the very competitive market, particularly when compared to Coles' sub-percent growth results. Finally, JB HiFi shares have been punished (10% slump), due to lukewarm performance, impacted by poor results in the home appliances category. We never did see much value in adding appliances to the range of electronic retailers. There is little money to be made in a category where margins are barely above 10%.