Wesfarmers has shaken up their management team this week with the promotion of Guy Russo, Managing Director of Kmart to a newly created position of chief executive of department stores. This will see Russo running both Kmart and Target.
Russo was appointed managing director of Kmart in 2008, and has successfully transformed Kmart into one of the most profitable listed department store chains in Australia with sales of $4.5 billion in 2014-15.
2016 is set to be a busy year for the department store transformer; with Russo earlier this year announcing plans to double the size of his department store business and drive revenue to $10 billion, combined with his new responsibilities of Target, which has been the ‘problem child’ at Wesfarmers for many years.
However Russo will be taking time out of his busy schedule to join Retail Doctor Group at their ‘Fit For Business’ Breakfast series this March to tell ‘the Kmart story’ and provide his thoughts on how to ensure you’re the ‘fittest’ retailer in the field.
Talking in Melbourne on 3rd March (SOLD OUT) and then again in Sydney on 17th March, Guy Russo will join Brian Walker, CEO & Founder of Retail Doctor Group to discuss transformative retail strategies, becoming a ‘fit’ retailer, and will then engage in an exclusive Q&A session led by host Andrew Robertson, senior business commentator from ABC News. The event is predicted to reveal exclusive insights into what this new position means for the future of both Kmart and Target.
Described by The Australian Retailers Association as ‘inspiring’ and ‘insightful’, the Retail Doctor Group ‘Fit for Business’ Breakfast series has successfully run for over six years. A well-respected and high profile event in the retail calendar, the Retail Doctor Group ‘Fit for Business’ Breakfasts have previously hosted high profile guest speakers such as Bernie Brookes (former CEO) of Myer and Peter Birtles of Super Retail Group.
Tickets to the Melbourne event are now SOLD OUT however limited tickets remain for the Sydney breakfast on 17th March 2016 at 7.30am at Dockside, Darling Harbour. Click here to purchase your ticket before they go.