Target Closing 20% Of Stores, Other Retailers Tipped To Follow
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June 8, 2018
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Wesfarmers-owned, Target, has announced it’s culling 20% of its selling space in the next five years – news which could pre-empt a... Read More
EXCLUSIVE: Is Officeworks, K Mart & Target Up For Sale, New York Bankers Think So
Is Wesfarmers still thinking about selling Officeworks, K Mart and Target? according to New York based investors Wesfarmers still has a private... Read More
Wesfarmers To Close, Re-Brand More Target Stores
Wesfarmers CEO, Rob Scott, has revealed more Target stores are set to be closed, or re-branded to Kmart in the coming future, as... Read More
Wesfarmers Sales Up, Officeworks & Kmart Soar, Target Wobbles
Wesfarmers has posted a moderate 2.7% Q3 sales increase to $14.85 billion, as performance from Bunnings ANZ, Kmart and Officeworks continues to offset struggling sales... Read More
Retailers Set To Benefit From Collapse Of Toys R Us, Suppliers Desperate
Australian retailers Big W, Kmart and Target, who have recently moved to expand their range of consumer goods and electronic toys, are... Read More
Wesfarmers Profit Dives 86%, Officeworks & Kmart Up, Target Struggles
Wesfarmers has posted a whopping 86.6% drop in half-year profit to $212 million, with EBITDA slumping 42.5% to $1.76 billion. For the... Read More
Target Pays $18m For Data Breach
US retailer Target has agreed to pay US$18.5 million to resolve an investigation by multiple state prosecutors into its massive 2013 hack,... Read More
Officeworks, Kmart And Bunnings Help Wesfarmers Hit Profit In Latest Quarterly
Wesfarmers have managed to eke out moderate – albeit slowing – sales growth in the third financial quarter of 2017, despite the continued sale... Read More
Wesfarmers Full-Year Profit Plunges As Target Writedown Bites
Wesfarmers’ full-year net profit after tax has plunged 83.3 per cent, impacted by an asset impairment on Target, with varying results delivered... Read More
Target Troubles: Wesfarmers Flags Writedown
Wesfarmers is set to take a hit on its full-year results, advising today that it expects a non-cash impairment of $1,100 million... Read More
