Retail giant Target is axing around 80 jobs as it prepares to ‘evolve’ to be able to deliver style and quality for customers.
The head office which was completed in November last year at the cost of around $37 million will practically be losing an entire floor of staff as a result of the axing.
As part of the 2019 half-year results briefing, held in February 2019, Wesfarmers did state in the Kmart Group overview, that their earnings had decreased by 3.8% to $383m.
STATEMENT FROM TARGET
Target is accelerating our transformation and evolving our product offer to deliver style and quality for customers.
We are focusing more on the core categories that customers know and love Target for such as apparel, soft homewares, and toys.
Sadly this means that today some roles within head office needed to be restructured to meet this challenge.
These decisions have not been made lightly.
Target is working hard to ensure the best outcome for these team members and looking at possible redeployment to other parts of the business or within the Wesfarmers business