167 Target Stores Earmarked for Potential Closure in Major Restructure

Target designer Dannii Minogue poses during at the Target show during Melbourne Fashion Festival in Melbourne, Australia, on March 22, 2015. Scott Barbour/Getty Images

Target’s long running struggles in the retail sector have come to a head, with the announcement of potentially 167 store closures over the next 12 months, with 75 facing closure and an additional 92 slated to be converted to Kmarts.

In a shareholder announcement on May 22, parent-company Wesfarmers announced the restructure as part of an ongoing review of Target’s operations.