Staff cuts just the start of a lengthy turnaround job at Target

 In Australia, NewZealand, 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…

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