By Renee Bogatko, Image Credit – Rafael Ben-Ari/123rf.com
Fellow Kmart addicts – brace yourselves. This is not the news you want to hear.
Wesfarmers, the owners of the discount giant, have reportedly been told by retail analysts Credit Suisse to sell Kmart to save the struggling Target.
It’s understood, selling the profitable Kmart would allow resources to be poured into Target, with experts saying Wesfarmers are playing a ‘zero-sum’ game by keeping both.
However, other experts reckon they would just be pushing good money into bad.
What do you think of this potential move? Smart, or outrageous? Have your say at our Facebook page!
