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The New Daily
The New Daily
Business
Matthew Elmas

Kmart’s winning production formula combats inflation as Target’s profits fall

Kmart Target Inflation Ian Bailey Gary Mortimer Wesfarmers
Kmart has changed how some of its products are designed to combat soaring costs. Photo: AAP

Kmart is making changes to how it designs and manufactures the products it sells as it looks to counter rising inflation.

Wesfarmers chief executive Ian Bailey revealed the changes Friday as the company announced Kmart had increased its sales by 1 per cent, to $6.83 billion, over the year to June 30.

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