The economic slowdown in Australia is forcing a painful restructuring at the nation's largest retail group. Wesfarmers owns the Coles, Target and Kmart retail chains.
Last month, chief executive Richard Goyder warned of a possible second half loss because of difficult trading conditions.
He has since announced up to 20% of employees at the head office of the Target discount business will lose their jobs.
As well as shrinking margins and slowing sales, Radio New Zealand 's Sydney correspondent says Target is suffering from a lack of definition of its place in the market compared with stablemate Kmart.
