Wesfarmers to merge back ends of Target, Kmart businesses
Inside Retail
JULY 24, 2023
Listed conglomerate Wesfarmers is merging its store networks Target and Kmart into a singular $10 billion business in a bid to boost returns and bring better value to customers. Ian Bailey will continue to oversee the enlarged Kmart group, while Target MD Richard Pearson is assigned to a new role within Wesfarmers’ health unit. Kmart CEO John Gualtieri will run the day-to-day operation of the combined Kmart and Target stores.
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