Target: Chadstone, The Glen, Westfield Doncaster and Knox Target shops remain safe
Target has revealed the shops they are closing and which ones across Victoria will be rebranded as Kmart next year. See if your closest ‘Tarjay’ is affected.
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Target stores across Melbourne appear to remain unscathed following the favourite Aussie retailer’s announcement to shut 75 shops across the country.
Wesfarmers, which owns both Kmart and Target, revealed its plans to close shops and convert a further 92 of the struggling department stores to its booming Kmart brand on Friday.
But a list released last night has revealed Langwarrin is the only Melbourne shop that is destined to close early to mid-2021.
Target have named those other rural and regional Victorian stores closing as Bacchus Marsh,
Bairnsdale, Benalla, Colac, Kerang, Maryborough, Myrtleford, Traralgon, Warragul,
While those shops being converted to its Kmart brand so far are Castlemaine, Echuca, Hamilton, Kyabram, Lakes Entrance, Leongatha, Portland, Seymour, Woodend.
As yet popular shops including Chadstone, The Glen, Waverley Gardens, Westfield Knox, Westfield Doncaster, Chirnside Park shopping centre, Eastland, Forest Hill Chase, Fountain Gate, Dandenong and Pakenham are not affected.
Yesterday Leader reported the drastic restructure was expected to happen within 12 months and the decision could affect around half of Target’s 284 Australian shops.
About 1300 jobs would be lost under the major restructure but a Target spokeswoman said the company would try and find alternative jobs for impacted staff.
“All team members in Target stores scheduled for conversion to Kmart will be offered the opportunity to join the growing Kmart team,” the spokeswoman said.
They said management would work with staff members to find and offer redeployment opportunities in Kmart, Catch, Bunnings and Officeworks, “as these businesses continue to grow.”
“We believe that Target has a future as a leading retailer in Australia and we know it is loved by so many,” they said.
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“But a number of actions are required to ensure it is fit for purpose in a competitive, challenging and dynamic market, including a smaller number of stores and a stronger online business.”
Target has close to $1 billion in sales since 2011 when Zara spearheaded a global fast-fashion invasion while Wesfarmers overhauled Kmart to become the undisputed leader in the nation’s discount department store space.
The restructure will cost Wesfarmers between $120 million to $170 million.
In the announcement released today, Wesfarmers managing director Rob Scott said the company would be investing in its online sales for Kmart, Target and Catch.