Citi Analysts: ‘Target-To-Kmart Conversion Set To Boost Sales
Citi analysts expect that Wesfarmers’ move to close unprofitable Target stores and convert other Target locations to Kmart stores will help to... Read More
COMMENT: Is It Time For Retailers Like Harvey Norman To Join Target & Restructure?
A few weeks ago, we tipped the closure of underperforming Target stores and I am tipping more closure of stores as the... Read More
Exclusive: Target Tipped To Exit TV’s, Seiki Could Be Big Loser
As speculation swirls around the future for the Wesfarmers owned Target, ChannelNews has been told that the big discount retailer is set... Read More
Wesfarmers To Double Down On Online Channels
In his address to the Macquarie 2020 Conference, Wesfarmers CEO Rob Scott revealed that the group plans to make even great investments... Read More
Wesfarmers Tipped To Snare Amazon Exec for Catch Group
UPDATE: Wesfarmers has confirmed its appointed former Amazon US executive, Peter Sauerborn, as its new Managing Director for Catch Group, who will join... Read More
Big W Profit Still On The Cards Despite COVID19
Embattled discount department store, Big W, has continued to progress its turnaround strategy, with parent company Woolworths still expecting the retailer to... Read More
Is Myer Next For Administration Management?
24 hours after Wesfarmers admitted that Target was in trouble with insiders telling Channel News that their future looks “grim”, concerns are... Read More
Bunnings, Officeworks Boom ‘Uncertain’, Kmart & Target Slow
Wesfarmers has informed investors it’s “uncertain” whether higher levels of sales growth at Bunnings and Officeworks will continue for the remainder of... Read More
BREAKING NEWS: Future For Target Looks Grim Wesfarmers Openly Discussing Problems
Wesfarmers has finally moved to openly discuss the future of Target after we exclusively revealed that the struggling business is close to... Read More
Bunnings Point Customers Online Ahead of ANZAC Rush
Wesfarmers-owned hardware giant, Bunnings, is urging customers to utilise its new online digital capabilities as it braces for strong ANZAC weekend trade... Read More