NewsBite

Updated

Kmart chief plots global expansion to deliver $20b sales target

Carrie LaFrenz

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.

Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

Read More

Latest In Retail

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/retail/wesfarmers-boss-rob-scott-targets-growth-in-kmart-s-anko-brand-20250512-p5lyl8