×
127
Fashion Jobs
SHISEIDO
dg Beauty + Fragrance Business Manager, h Beauty, Milton Keynes
Permanent · Milton Keynes
THEORY
Ecommerce Trading Executive
Permanent · LONDON
TJX CORPORATE
Senior IT Security Analyst - Vulnerability Management
Permanent · Watford
QASIMI
Production Manager
Permanent · AMSTERDAM
MANGO
Art Director
Permanent · BARCELONA
MARSHALLS
Loss Prevention Detective
Permanent · Roxbury Township
SHISEIDO
Group Business Analyst
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots Clayton Square (30)
Permanent · Liverpool
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
BEUNICA
E-Commerce And Markering Intern
Internship · LONDON
CLAUDIE PIERLOT UK
Store Manager - 40h - Permanent - London Harrods m/f
Permanent · LONDON
SHISEIDO
Beauty Advisor - Bicester Village (22.5 Hours)
Permanent · Bicester
LEVI'S
Retail Assistant- 20Hrs Fully Flex (Stockroom)
Permanent · Bicester
SHISEIDO
dg Beauty + Fragrance Consultant - h Beauty, Milton Keynes (12)
Permanent · Milton Keynes
SHISEIDO
dg Beauty + Fragrance Assistant Business Manager, h Beauty, Milton Keynes (32.5 Hours)
Permanent · Milton Keynes
SHISEIDO
dg Beauty + Fragrance Consultant - h Beauty, Milton Keynes (18 Hours)
Permanent · Milton Keynes
BRUNELLO CUCINELLI
Sales Associate - Harrods
Permanent · LONDON
CHRISTIAN DIOR COUTURE
Guest Relations Work Placement
Internship · LONDON
SHISEIDO
Consumer Insights & Data Analytics Intern (12 Month Fixed Term Contract)
Fixed-term · London
HUGO BOSS
Senior Allocator (Middle East)
Permanent · London
QASIMI
Production Assistant
Permanent · AMSTERDAM
PAUL SMITH
Temporary Customer Services Assistant
Temp/seasonal · NOTTINGHAM
Published
May 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Target to close up to 75 stores in Australia, convert more to Kmart

Published
May 22, 2020

Australian discount department store retailer Target could see up to 75 of its stores being closed and many others converted to another of its owner’s banners. And over 1,000 jobs will be affected, its parent company Wesfarmers revealed on Friday.


Target Australia



The numbers aren’t yet set in stone with anything from 10 to 40 large-format Target stores to be converted to Kmart, although this requires landlord agreement. Some 52 Target Country stores, which are mainly located in regional locations, will become small-format Kmart branches while 50 Target Country locations will shut completely. Anything from 10 to 25 large-format Targets in other areas will close, and it all adds up to more than half of its total portfolio being closed or converted.

The news, which led a government minister to call for a boycott of the company, could mean some rural areas being left without a department store.

Wesfarmers CEO Rob Scott blamed competition from international retailers such as Zara, Uniqlo, H&M and Amazon for the strategy change. Scott said that currently, Target’s cost base was unsustainable and it’s impossible to run it as a chain of the size that worked a decade ago.

Target has been an underperformer in the Wesfarmers portfolio and has lagged behind Kmart, as well as struggling to differentiate itself from its portfolio-mate. 

The situation created by the coronavirus crisis has accelerated the need to restructure the firm’s operations and there could be further Target closures in the future with an update due in August. 

Despite the large number of closures, only a total 1,300 jobs could be lost at Target, as the company also said some staff could find positions elsewhere in the company.

And as well as shrinking its store portfolio, the firm wants to expand digitally with a focus on boosting both the Target and Kmart webstores.

Copyright © 2021 FashionNetwork.com All rights reserved.