Wesfarmers

Monday, June 01

Struggling Target stores to close or become Kmart

Wesfarmers will close underperforming Target stores and convert others to Kmart outlets, after completing the first phase of a review into its struggling retail arm.

Wesfarmers admits underpaying Target staff $9m

Wesfarmers has revealed it underpaid staff at its Target stores by $9m, on top of $15m in other underpayments, becoming the latest Australian company caught up in a growing wage theft scandal the shoppies’ union has branded a “full blown epidemic”.

Target sales have slumped. Photo: AAP / Paul Miller

Target in Wesfarmers sights over poor sales

Wesfarmers says sales from its Target chain fell by 2.3 per cent in the five months to May this year, in the latest bad news for the struggling department store franchise.

Wesfarmers to buy online Catch Group for $230m

Wesfarmers, the conglomerate that owns Coles, Target and Kmart among other major businesses, has announced it will buy online retailer Catch Group for $230 million.

How Kmart ate Target: a story of retail cannibalism

Target has lost its way – and there appears to be only one solution to the budget retailer’s problems, argues Gary Mortimer.

Bunnings does heavy lifting of Wesfarmers' profits

Shares in Wesfarmers have slumped by more than 5 per cent after losses from the group’s coal mines partly offset Coles’ and Bunnings’ strong gains.