The clothing retailer announced in May 2020 that it would close 75 shops across Australia, while 92 others would be rebranded as Kmart. Wesfarmers (), the owners of Target and Kmart stores in Australia, said it will close about 150 Target stores, and convert some locations to the Kmart brand under a … More than 160 Target stores across Australia are set to close or be rebranded as Kmarts in another blow to the country's struggling retail sector. Deniliquin: early-mid 2021. And the first closure will happen in a matter of weeks, with the store in Pasadena, South Australia, set to close in June 2020. Parent company Wesfarmers today announced the major changes that will impact thousands of … Cooma: early-mid 2021. Some of the stores will be closed for good, while some will be converted to Kmart stores. The department store division performance was below expectations, with an EBIT drop of 13.7 per cent. Stores closing in 2020: 738. Campbelltown: July 2020. Corowa: early-mid 2021. Wesfarmers (WES.AX), the owners of Target and Kmart stores in Australia, said it will close about 150 Target stores, and convert some locations to the Kmart brand under a significant restructuring strategy. Dozens of Target stores in … Breaking: Target will close 167 stores across Australia in coming months. In May 2020, Wesfarmers, who own both Target and Kmart, confirmed that 75 Target stores would be closing.. Under the drastic plan, up to 75 Target stores will be closed down while 92 will be converted into Kmart outlets, meaning around half of Target’s 284-odd Australian stores could be … Once upon a time, Target was one of Australia’s favourite discount department stores and Kmart simply its poor cousin – but today, those roles have drastically reversed. In a business update on Friday, Target has now confirmed exactly which stores are going. Casino Retail Centre: early-mid 2021. Target suffered a … They also announced that most other Target stores that remained open would be rebranded as Kmart or K Hubs. Last modified on Wed 1 Jul 2020 12.23 EDT ... half of Target’s 284 outlets across Australia. The Target retail brand is set to almost vanish in Australia, with parent company Wesfarmers announcing that up to 167 Target stores would either be re-branded to Kmart or closed down entirely. Department stores set to shrink. Cootamundra: early-mid 2021. The latest retailer to find this out is Stage Stores, the owner of Gordmans off-price stores and a bunch of … Here’s the full list of Target stores closing in NSW: Armidale: early-mid 2021. It's hard for regional discount department stores to hold their own against national giants Walmart, Target and Kohl's. Target has finally confirmed exactly when certain stores will be closing around Australia as a nationwide restructure rolls out in 2021.. Target was already struggling before the ... stores and the remaining Target Country stores are to close.
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