UPDATE: Target has announced which South Australian stores will be shut or converted to Kmart.
Up to 75 Target and Target Country stores across the country will close and up to 92 branches will be converted into Kmart outlets, affecting up to 284 stores.
In a note to investors on May 22, managing director of Wesfarmers, Rob Scott, said the changes would “enhance the overall position of the Kmart Group, while also improving the commercial viability of Target”.
In South Australia, the stores to close (early to mid 2021) are: Millicent, Clare, Naracoorte and Pt Lincoln. Pasadena will shut June 2020.
The stores to be converted into Kmart (early 2021) are: Murray Bridge, Victor Harbor, Berri and Port Augusta.
A Target spokesperson said all staff in stores scheduled for conversion to Kmart will be offered the opportunity to join the growing Kmart team and other affected staff will work to identify and offer other redeployment opportunities in Kmart, Catch, Bunnings and Officeworks.
"We believe that Target has a future as a leading retailer in Australia and we know it is loved by so many, 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," said the spokesperson in a statement.
Photo Bidgee, WikiCommons