Wesfarmers shares off Target
Wesfarmers has issued a profit warning for Target, predicting the unit’s full-year earnings may fall as much as 43 per cent.
Target’s sales perfomance in the second half had been disappointing, Wesfarmers said.
Target’s bottom line in the 2012-13 year would be hit by several factors, including weak sales during the second half of the year, exacerbated by a late start to the winter season, it said. Sydney Morning Herald – Read more…