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
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
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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 »
Up to 75 Target stores to be closed, others converted to KmartWesfarmers will shut up to 25 stores of the struggling Target chain and close 50 Target Country stores, as it shifts its focus to the better-performing Kmart. Tragedy! Please turn Target Broome into a Kmart.... Oh no! I get my undies from Target!
Source: abcnews - 🏆 5. / 83 Read more »
Why Australia's Target stores had to closeAfter existing on the Australian retail landscape together for decades Kmart now trumps Target as the most profitable discount department store. There are two reasons why. I have never seen more than two other shoppers, discounting children accompanying adults, in our local Target Country. So, I guess, sales aren't costs, never mind making a profit. I watched Target being gutted when Kmart rebranded itself with concept displays. Target stores had always been busy before and sales and customers dropped away like a stone. The company did this to itself. Their products are overpriced for the quality they offer. People buy elsewhere for better quality at similar price or similar quality for cheaper price. Can never find anything worth it at Target.
Source: abcnews - 🏆 5. / 83 Read more »
Target faces massive restructure, with up to 167 stores to be shut or convertedWesfarmers will shut up to 75 Target stores and convert a remaining 92 to Kmarts in a massive restructure of the struggling discount department chain. domp I will miss it for certain items I buy there domp Convert to Home Depot style store. Bunnings always crowded.
Source: smh - 🏆 6. / 80 Read more »
When it came to fashion, too often Target missed the markRemember Target's collaborations with Jean-Paul Gaultier, Stella McCartney and Missoni? When Target found a fashion niche, it performed well. But then it all fell apart. Those were great clothes. And easy to wear They were punching well above their weight! My mum gave me a Target gift voucher over 12 mths ago. I go in and walk out again cause there's nothing I want to buy.
Source: smh - 🏆 6. / 80 Read more »
'Gradually gone downhill': Target shoppers mourn end of 'institution'Target department stores were an institution for many families who bought kids' toys, clothing, homewares and serve-yourself lollies Lindsay's.
Source: theage - 🏆 8. / 77 Read more »