Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
Matthew Elmas

FORGOTTEN HISTORY: Kmart earnings plunge as lockdowns bite department stores - Caught on Camera

Wesfarmers says its department stores have struggled with COVID lockdowns. Photo: AAP

Profits at department chains Kmart and Target have tanked, in what their owner describes as the “most disrupted period for our businesses since the onset of COVID-19”.

Kmart Group posted a 63.4 per cent decline in earnings for the last six months of 2021, about $309 million less than the same period in 2020.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.