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 [...]
The "merger" of Target and Kmart may save Wesfarmers from having to write down its struggling department store chain by as much as $800 million, denting bottom-line profits.Industry [...]
Kmart boss Guy Russo has his eyes on at least 50 stores or struggling rival Big W as he hunts for ways to double the size of his department store business and drive revenue to $10 billion.While [...]
Wesfarmers’ underlying net profit rose 8.3 per cent to $2.44 billion in 2015 as strong earnings growth at Bunnings, Kmart and Coles, combined with a long-awaited rebound at Target, offset [...]
Wesfarmers boss Richard Goyder said this morning the Perth-based conglomerate would be ”negligent” if it didn’t eventually make a leap into international markets through an [...]
