Both Kmart and Target are owned by the same company —
Subsidiaries of the previous Coles Group such as Kmart, Target and Officeworks remain as subsidiaries of Wesfarmers.
The business forms part of the Kmart Group which includes Target Australia and is owned by Wesfamers.
Its businesses include coles supermarkets, coles online, coles liquor, coles express, flybuys, coles financial services and spirit hotels. The company was founded in 1914 and is headquartered in Melbourne, Australia.
In late 2006, the group name changed to Coles Group Ltd after the divestment of Myer, and in November 2007, Target was acquired by Wesfarmers as part of the Wesfarmers acquisition of Coles Group Limited.
Wesfarmers owns Bunnings and some other popular retail stores in Australia such as kmart, target and Officeworks. From its origins in 1914, Wesfarmers has grown into one of Australia's largest listed companies.
Coles Group & Myer: The perfect choice for gifting. They can shop in thousands of store for millions or gifts at their favourite retailers. Including Coles Supermarkets, Coles Central, Coles Express, Myer, Target, Kmart, Officeworks, Liquorland, Vintage Cellars and First Choice Liquor.
Officeworks is a chain of Australian office supplies stores operated under parent company Wesfarmers. Officeworks Ltd. The company was established in 1994 by Coles Myer.
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The Vanguard Group, Inc. AllianceBernstein L.P. Franklin Resources, Inc. Netwealth Investments Ltd.
Sweeping changes continued as Coles returned to its heritage after selling Myer in June 2006. In the following year, Coles Group was acquired by another Australian company, Wesfarmers.
The "&Co" brands of the Kmart Group business - Home&Co, Kids&Co, Clothing&Co, and Active&Co - have evolved into the Anko brand. The "k" in the name is a nod to Kmart Australia, the company's birthplace. Anko stands for "A New Kind of," which describes the transformation the company has undergone since 2008.
Anko's parent company, Wesfarmers also owns the popular department store chain, Kmart Australia.
Both Sears and Kmart were owned by Sears Holdings, which filed for Chapter 11 bankruptcy protection in 2018 and narrowly escaped liquidation in early 2019. They were sold to their longtime investor and CEO, Eddie Lampert, who has kept them alive on a shoestring budget under the company name Transformco.
Bunnings Group Limited, trading as Bunnings Warehouse or Bunnings, is an Australian household hardware and garden centre chain. The chain has been owned by Wesfarmers since 1994, and has stores in Australia and New Zealand.
So, you're probably wondering what this very prominent K stands for. The truth is it doesn't actually stand for anything, per news.com.au. However, there are some theories regarding its origins. The most popular is that Kmart is named after its founder Sebastian Spering Kresge, whose last name started with a K.
Kmart Group, the department store division of Wesfarmers, also owns and operates Target Australia and online retailer Catch.com.au.
Furthermore, management at the parent company benefit, as the more attractive “core” business is now re-rated upwards by the market and valued on a higher multiple. The sum of the two parts becomes greater than the original whole. We see this as one of the motives behind Wesfarmers spinning off Coles.
Mr Scott's rationale was that Coles was absorbing more than half of Wesfarmers' working capital but generating just one-third of its profit.
Wesfarmers has finally sold out of Coles almost five years after the Perth-headquartered conglomerate spun off the supermarket chain, selling a $688 million stake in an after-market trade via Barrenjoey.
Walmart: Aldi, Woolworths, Coles, Australian supermarket staple you can't find in US | news.com.au — Australia's leading news site.
Business Summary
Its segments include Bunnings; Kmart Group; Officeworks; Wesfarmers Chemicals, Energy and Fertilisers (WesCEF); Industrial and Safety; Health; Catch; and Other. The Bunnings segment is a retailer of home improvement and outdoor living products in Australia and New Zealand.
Woolworths Supermarkets (colloquially known in Australia as "Woolies") is an Australian chain of supermarkets and grocery stores owned by Woolworths Group. Founded in 1924, Woolworths today is Australia's biggest supermarket chain with a market share of 33% as of 2019.
Coles Myer purchased the retail business of Shell Australia multi-site franchisees for A$94 million.
The Coles Group & Myer Gift Card can be used at thousands of participating stores. This includes Coles Supermarkets, Coles Central, Coles Express, Myer, including Myer.com.au, Target, Kmart, Officeworks, Liquorland, Vintage Cellars and First Choice Liquor.
Both Coles and Woolworths offer gift cards that can be used in participating supermarkets and with a wide range of other retailers, such as Bunnings, JB Hi-Fi and Village Cinemas.