Target to close up stores across Australia, costing more than 1000 jobs | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Up to 167 Target stores will be closed or converted as part of a massive restructure by the retailer's parent company Wesfarmers.

Up to 167 Target stores will be closed or converted as part of a massive restructure by the retailer's parent company Wesfarmers. The changes mean up to 1,300 jobs will be lost and the Target Country brand will disappear.

The retailing conglomerate said the company would shift focus to Kmart, to reduce Target's unsustainable cost base. Westfarmers announced the decision on Friday, saying 75 stores would close and 92 would become Kmart stores. The actions will be undertaken over the next 12 months. Image: Getty

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

One of the board probably finally went to a target store & witnessed first hand, the lack of customer support & overpriced items = very bad business model

That’s quite clearly an American Target in the photo, unrelated to the Australian company. Wrong colours, wrong logo, driving on the wrong side of the road. Do better please.

Very sad for people losing jobs.

Greedy Westfarmers

For years the offering is poor and what they do have they don't have... Out of stock of so many items all the time! Could be a great business if run by the right team. More AustralianMade... just a thought 🤔 Targetaus AustralianMade

geoffrey_payne I'm a bit of a retail novice but what's the big difference between Target and K-mart? They seem to sell much of the same shit.

For years the offering is poor and what the do have they don't have... Out of stock of so many items all the time! Could be a great business if run by the right team. More AustralianMade just a thought🤔 Targetaus AustralianMade

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target stores to close right across Australia | Sky News AustraliaUp to 167 Target stores will be closed or converted as part of a massive restructure by parent company Wesfarmers. \n\nThe retailing conglomerate said the company would shift focus to Kmart, to reduce Target's unsustainable cost base. \n\nWestfarmers announced the decision on Friday, saying 75 stores would close and 92 would become Kmart stores. \n\nThe actions will be undertaken over the next 12 months. Even if Independent Pennsylvania filmmaker Lance Weiler was a midget golfer who could barely see over the steering wheel, he would still say in a '94 head-on collision w/ a garbage truck that he went out the windshield after breaking his jaw on the steering wheel. Oh no . 😔 Jobs jobs jobs.
Source: SkyNewsAust - 🏆 7. / 78 Read more »