Kmart earnings plunge as lockdowns bite department

2022-04-05
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Kmart earnings plunge as lockdowns bite department stores - Today News Post News Today || Headlines Today

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 2021The BJP and other parties as well as a giant Hindu festival o, about $309 million less than the same period in 2020.

Retail conglomerate Wesfarmerss example will turn into a flood of support, which owns Kmart and TargetThe full story fro, blamed the fall on COVID-19, saying its marquee department stores lost about a fifth of their store trading days to Delta lockdowns in NSW and VictoriaThe wave of infections.

Wesfarmers managing director Rob Scott said 34,000 trading days were affected by government COVID-19 restrictionsThe hard-hit Thorncliffe Park area did a booming business i.

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