Staff cuts just the start of a lengthy turnaround job at Target
Wesfarmers boss Richard Goyder is rolling the dice one more time on the runt of its retail litter, Target, to see if a cost-cutting program can revive it.
Dealing with Target is important for Wesfarmers, whose mantra on shareholder returns is legendary.
This underperforming brand is a bad look for Goyder – yet selling it to a competitor or subsuming it into another Wesfarmers retail brand such as Kmart must feel like failure or, at least, a missed opportunity. Sydney Morning Herald – Read more…