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Why the Kmart-Target back end merger has been a decade in the making

Inside Retail

The business briefly considered rebranding all its Kmart locations to Target stores due to the retailer’s long-standing heritage. Wesfarmers ultimately didn’t move forward with that plan, and instead decided to double down and invest in Kmart and Target independently.

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The fall of Debenhams and Arcadia was inevitable: both shackled by earlier financial engineering.

Nelson Blackley

Ann Summers planned a CVA to cut rent on 25 of its stores and Primark, one of UK retail’s real success stories over the past few years, took a huge estimated sales £430m hit from the Governments second wave lockdown closures across England during November. billion dividend in 2005, three years after buying Arcadia for £850 million.