Wesfarmers Provides Kmart Group Update And Expected FY2020 Significant Items

  • May 22, 2020 AEST
  • Team Kalkine

Wesfarmers Limited (ASX:WES) has updated on the review of Target, which include changes to the Target and Kmart store networks.

  • The first stage of Target review has pointed measures to speed up the growth of Kmart & address the unsustainable financial performance of Target.
  • WES would look at redeployment prospects in Kmart & other WES businesses. This would reduce the effect of these changes on Target team members.

In FY2020 results, the company anticipates:

  • Restructuring costs & provisions in Kmart Group in between ~$120 to $170 million before tax.
  • Non-cash impairment in Kmart Group would lie in between ~$430 to $480 million before tax.
  • Non-cash impairment in the Industrial & Safety division of ~$300 million before tax.
  • Pre-tax gain on sale of 10.1% interest in Coles of $290 million.



The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK