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Why Wesfarmers is joining Kmart/Target at the hip

Wesfarmers has announced a new department stores division aimed at bringing Target and Kmart closer together on a logistical and operational level. The new division will be led by current Kmart MD, Guy Russo, who will take charge of both the Kmart and Target businesses. As part of the restructure, Target MD, Stuart Machin, will continue in his current role until July 2016, after which he will take on a new, as yet unconfirmed, senior role in the group. “We wouldn’t be doing this unless w