How Kmart ate Target: a story of retail cannibalism

 In Australia, KMart, NewZealand, Target
​Facing more than $1 billion in impairments and a further $145 million in restructuring costs, Wesfarmers’s Target is expected to post an end-of-year loss of $50 million.
It is no wonder that Wesfarmers chief executive Richard Goyder last week said “I would not rate this as one of my better days in the group”. However, this will become a great case study in illustrating the risk of a cannibalisation strategy. Sydney Morning Herald – Read more…

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