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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