Forest Lake Shopping Centre: KMart In, Target Out

Kmart is moving into Forest Lake Shopping Centre! The discount shop will replace an existing Target outlet and will open by early 2021.

Forest Lake Shopping Centre confirmed the arrival on social media. 

“At this stage, it is still too early to discuss exact details, but we look forward to sharing more information with our community as plans are finalised,” the post stated.  

Photo Credit: Forest Lake Shopping Centre/Facebook

It comes as Wesfarmers, Target’s parent company, said it will be closing or converting more than 50 stores across the country.

“Target has struggled for many years and has incurred very significant losses. In its current form, it is not viable,” Wesfarmers said in an official statement. “Its costs are too high, including the cost of operating and supplying a large network of physical stores in regional Australia of varying sizes stocking varying ranges. These problems are not unique to Target. 

“Rather than close the business, we considered many options to avoid store closures and retain our people where we can. In regional Australia, about half Target Country stores, 52, are suited to being converted to smaller format Kmart Hub stores.” 

Forest Lake Shopping Centre has 70 specialty stores as well as chains like Aldi, Coles and Woolworths.