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1.Market Observations

27 July 2012 (The Age) – Canberra handout buoys Target, Kmart

(27 July 2012, The Age, BusinessDay, p3, Eli Greenblat)

‘THE best sales performance for merchandise and apparel stores Target and Kmart in years has provided further evidence that the federal government’s cash splash to compensate households for the carbon tax has found its way into clothing, shoes, toys and housewares.’

The release of Wesfarmers’ full-year sales figures yesterday revealed Target lifted total sales 2 per cent to $915 million for the fourth quarter, its best quarterly improvement in a year, while a 4.5 per cent comparable-store sales lift was the chain’s best result in more than three years.’

Read more at TheAge.com.au

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