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Tag: westfarmers

Retail Asia03/07/2019
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Target sales sagging further for Wesfarmers

5min0
Wesfarmers says full-year earnings from its department stores could fall by as much as $103 million after sales at the struggling Target chain fell by 2.3 per cent so far in the second half. The Perth-based conglomerate, which reports its full-year results on August 27, says Target’s comparable sales for the five months to May […]
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Retail Asia01/07/2019
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Wesfarmers to purchase Catch Group

3min0
Australian retail conglomerate Wesfarmers has entered an agreement to acquire Catch Group for $230 million. Should the deal be cleared by the Australian Competition and Consumer Commission, the online marketplace will continue to operate as an independent business unit under the leadership of Kmart Group managing director Ian Bailey. Bailey noted Catch has built a […]
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Retail Asia18/07/2017
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Wesfarmers to trim Target portfolio

2min0
Wesfarmers will reduce the size of Target’s store portfolio in an effort to improve productivity as it looks to refocus the struggling business towards a growth phase by FY21. Speaking to analysts and investors at Wesfarmers’ annual strategy day on Wednesday, department stores chief financial officer Marina Joanou said that leadership has taken “decisive action” […]
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