Target Australia is set to shut more stores permanently in a major shake-up to the retail industry, with further outlets expected to convert into Kmarts.
Parent company Wesfarmers announced the majority of the conversions will take place around the country throughout 2021.
Over the next 12 months, 52 Target stores will close its doors for good after the retail chain suffered a $67million slump in sales, while 64 others are preparing to convert into Kmarts or ‘K Hubs’, which are smaller format country stores.
Last year, 16 Target outlets transitioned into either a Kmart or the brand new K Hub concept store, while eight others permanently closed.
Last year, a number of regional Target stores were converted into ‘K-Hub’ – a smaller format shop selling homewares, clothing, and kids range (picture of a K-Hub store in regional Victoria)
Target Australia is set to shut more stores permanently in a major 핑카지노 shake-up in 2021 (file image)