The city's Target store has been pushed into the spotlight as national sales have continued to plummet.
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Parent company Wesfarmers' financial year results showed the Kmart Group, comprising of Kmart and Target, lost $86 million from 2018 to the year ending on June 30.
The Wesfarmers' 2019 full-year results shareholder quick guide stated Target's overall sales were underperfoming, while Kmart achieved below expectations.
However, Kmart Group managing director Ian Bailey remained tight-lipped about whether the city store could be among possible closures.
"It's business as usual for Target," he said.
"As always, and with great respect, our team members will be communicated with first if there are any planned changes to our stores and in all cases we will work with impacted team members to find redeployment opportunities at other Target stores or across the broader Wesfarmers Group."
A Target spokesperson said that there is no list or specific target number of stores that will close and therefore, there was nothing to report in the Wagga context.
The spokesperson said the company would continue to assess store performances by judging how they fit into future plans as leases expire.
Despite the sluggish year, Target's online channel saw strong growth as well as positive sales in its apparel and soft-home ranges.
Similarly, Mr Bailey said Kmart's Click and Collect service drove positive sales to the online channel.
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