Horsham will keep its Target store, with Ararat’s Target Country set to become a Kmart by mid-2021 undera major shake-up of Wesfarmers-owned assets.
Wesfarmers last week announced a restructure of its Kmart Group – which includes Kmart, Target and catch.com.au networks – following the first phase of a Target review.
Wesfarmers managing director Rob Scott said the review identified several actions to ‘accelerate the growth of Kmart and address the unsustainable financial performance of Target’.
These actions include converting suitable Target and Target Country stores to Kmart stores, and closing 10 to 25 large-format Target stores and the remaining 50 small-format Targets.