Business
Wesfarmers sales jump as Target stages recovery in COVID shopping boom – Sydney Morning Herald
Retail conglomerate Wesfarmers appears to have succeeded in its plans to turn around the struggling discount retailer, which is now expected to report a full-year…
Managing director Rob Scott acknowledged the business had greatly benefited from the COVID-19 pandemic, especially as stock shortages across the sector led to lower levels of discounting.
Theres no question theres been some COVID-related benefits for Target in terms of the demand for product, he said. Weve had a scarcity of stock but very strong demand, meaning theres been less clearance activity across the board.
But there are lots of changes the Target team have made that are beginning to deliver…
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