Kmart Group’s new managing director Aleks Spaseska has outlined plans to double the discount department store’s sales to $20 billion within a decade by focusing on younger shoppers and expanding its beauty range.
At the centre of the Wesfarmers-owned retailer’s massive expansion strategy is its wildly popular Anko home brand, which Spaseska hopes to expand internationally, including with stand-alone stores in the Philippines. If successful, Kmart could roll out stores across South-East Asia.