Adelaide Target joins lengthy checklist of retailer closures

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Target is shutting its doorways at one other one in every of its websites, including to the lengthy checklist of closures introduced earlier within the yr.

The retailer in Adelaide’s western suburb Fulham Gardens will shut subsequent month, in keeping with reviews from The Advertiser, making means for a Woolworths, Dan Murphy’s and a range retailer.

The Tapleys Hill Rd retail strip will bear a “major redevelopment”, property supervisor Theo Kaldis advised the native publication.

The improvement comes after Target’s father or mother firm, Wesfarmers, introduced in May that as much as 167 of the low cost department shops may disappear.

RELATED: Target closes 167 shops in large restructure

Under the drastic plan, as much as 75 Target shops can be closed down whereas 92 can be transformed into Kmart retailers, that means round half of Target’s 284-odd Australian shops might be affected.

The shock announcement concerning the struggling low cost division retailer chain was made by Wesfarmers, which owns each Target and Kmart

It additionally revealed $780 million of writedowns on its Kmart Group and industrial and security department, and quite a few plans designed to “accelerate the growth of Kmart” and “address the unsustainable financial performance of Target”.

They embrace changing “suitable” Target and Target Country shops to Kmart shops, the closure of between 10 to 25 massive format Target shops, the closure of the remaining 50 small format Target Country shops, and a “significant restructuring of the Target store support office”.

Wesfarmers managing director Rob Scott stated the adjustments would “enhance the overall position of the Kmart Group, while also improving the commercial viability of Target”.

“For some time now, the retail sector has seen significant structural change and disruption, and we expect this trend to continue.

“With the exception of Target, Wesfarmers’ retail businesses are well-positioned to respond to the changes in consumer behaviour and competition associated with this disruption,” Mr Scott stated.

WHICH STORES ARE CLOSING?

In May, Target confirmed 53 retailer closures throughout all states and territories besides the Northern Territory.

They embrace:

NSW:

• Armidale, early-mid 2021

• Campbelltown, July 2020

• Cooma, early-mid 2021

• Cootamundra, early-mid 2021

• Corowa, early-mid 2021

• Deniliquin, early-mid 2021

• Forbes, early-mid 2021

• Leeton, early 2021

• Merimbula, early-mid 2021

• Morisset, early-mid 2021

• Narrabri, early-mid 2021

• Nowra, early-mid 2021

• Salamander Bay, early-mid 2021

• Scone, early-mid 2021

• Wagga Wagga, early-mid 2021

• Winmalee, early-mid 2021

• Murwillumbah, early 2021

QLD:

• Atherton, early 2021

• Beaudesert, early-mid 2021

• Biloela, early 2021

• Casino Retail Centre, early-mid 2021

• Clifton Beach, early-mid 2021

• Emerald, early-mid 2021

• Goonellabah, early 2021

• Kippa Ring, early 2021

• Longreach, early-mid 2021

• Moranbah, early-mid 2021

• Murgon, early-mid 2021

VICTORIA:

• Bacchus Marsh, early-mid 2021

• Bairnsdale, early-mid 2021

• Benalla, mid 2021

• Colac, early-mid 2021

• Kerang, early-mid 2021

• Langwarrin, early-mid 2021

• Maryborough, early-mid 2021

• Myrtleford, early-mid 2021

• Traralgon, early-mid 2021

• Warragul, early-mid 2021

WA:

• Busselton, early 2021

• Karratha, early-mid 2021

• Kununurra, early-mid 2021

• Manjimup, early-mid 2021

• Margaret River, early-mid 2021

• Meadow Springs, August 2020

• Merredin, early-mid 2021

• Narrogin, early-mid 2021

SA

• Clare, early-mid 2021

• Millicent, early 2021

• Naracoorte, early-mid 2021

• Pasadena, June 2020

• Port Lincoln, early 2021

TASMANIA:

• Devonport, early-mid 2021

ACT:

• Weston Creek, early-mid 2021

WHICH STORES WILL BECOME KMARTS?

Again, most states and territories are affected besides the ACT and Tasmania.

VICTORIA:

• Ararat, early-mid 2021

• Castlemaine, September 2020

• Cobram, July 2020

• Echuca, July 2020

• Hamilton, early 2021

• Kyabram, September 2020

• Lakes Entrance, early 2021

• Leongatha, early 2021

• Mansfield, early 2021

• Portland, early 2021

• Seymour, early 2021

• Woodend, September 2020

• Yarrawonga, early 2021

QLD:

• Ayr, early-mid 2021

• Beerwah, early-mid 2021

• Bowen, early 2021

• Charters Towers, early 2021

• Chinchilla, early 2021

• Dalby, early 2021

• Gatton, early 2021

• Goondiwindi, early 2021

• Gympie, early 2021

• Ingham, early 2021

• Mareeba, early 2021

• Noosa Junction, early 2021

• Ocean Shores Village Ctr, early 2021

• Port Douglas, early 2021

• Roma, early 2021

• Sarina, early 2021

• Stanthorpe, early 2021

• Warwick, early 2021

• Yamba, early 2021

• Yeppoon, early 2021

NSW:

• Bega, early-mid 2021

• Bowral, early 2021

• Gunnedah, early 2021

• Katoomba, early 2021

• Moree, early 2021

• Mudgee, early 2021

• Picton, early 2021

• Tumut, early 2021

• Ulladulla, early 2021

• Windsor Town S/C, early 2021

• Yass, early 2021

SA:

• Berri, early 2021

• Murray Bridge, early 2021

• Port Augusta, early 2021

• Victor Harbor, early 2021

WA:

• Esperance, early 2021

• Geraldton, early-mid 2021

• Northam, early 2021

• Pinjarra, early 2021

NT:

• Katherine, early 2021

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