Target, Kmart to Shun Heavy Discounts on Big-Name Brands

As Guy Russo walked through Pitt Street Mall in Sydney, he counted 28 retailers – out of 31 – that were slashing prices by up to 70 per cent.
It’s a model Mr Russo, the boss of Wesfarmers’ discount department stores Target and Kmart, wants to avoid like the plague.
The only outlets that weren’t dramatically discounting on Friday were international retailers H&M, Zara and Uniqlo, he said. Sydney Morning Herald – Read more…