Wesfarmers

Wednesday, January 29

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.

Photo: AAP/Paul Miller

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.