Original article by Simon Evans
The Australian Financial Review – Page: 22 : 21-May-15

Target MD Stuart Machin has outlined plans to revive the discount retailer’s fortunes. He has told Wesfarmers’ annual strategy presentation that up to 10 new stores will be opened each year, while 30 stores will be closed. He has also downplayed concerns that a turnaround by Target could be at the expense of Kmart, noting that there is a lot of scope to gain market share from rival retailers such as Myer and David Jones.

CORPORATES
WESFARMERS LIMITED – ASX WES, TARGET AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, BIG W DISCOUNT STORES, HARRIS SCARFE HOLDINGS LIMITED