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Wesfarmers says full-year earnings from its department stores could fall by as much as $103 million after sales at the struggling Target chain fell by 2.3 per cent so far in the second half. The Perth-based conglomerate, which reports its full-year results on…
Australian retail conglomerate Wesfarmers has entered an agreement to acquire Catch Group for $230 million. Should the deal be cleared by the Australian Competition and Consumer Commission, the online marketplace will continue to operate as an independent…
Wesfarmers will reduce the size of Target’s store portfolio in an effort to improve productivity as it looks to refocus the struggling business towards a growth phase by FY21. Speaking to analysts and investors at Wesfarmers’ annual strategy day on Wednesday,…
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