Up to 167 Target and Target Country stores will be shut or converted to Kmart sites, putting as many as 1,300 jobs at risk.
Key points:
- Between 10 to 25 Target stores will close
- An additional 10 to 40 Target stores will be converted to Kmarts
- About 52 Target Country stores will be converted to Kmarts, while the remaining 50 stores will be closed
The retailer’s owner Wesfarmers is shrinking the struggling chain.
With more than 280 Target stores in Australia, the restructure could see more than half of the Target store network gone.
Following a review, the co