Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021
×

Target and Wesfarmers: The long goodbye

The key question stemming from Wesfarmers’ decision to drastically overhaul Target is whether there is a buyer for what is left of the once-powerhouse discount department store chain. The scaled-back Target does not fit Wesfarmers’ business portfolio metrics for growth, profitability or return on investment. It has to go – the only questions are when and how. Will there be a buyer for some or all of the stores that are to continue trading under the Target brand or will they simply be close