Key retailer,
Target, is under the spotlight after Wesfarmers announced it was investigating
accounting methods used in the first half business report.
It is suspected that Target inflated its
earnings for the first half of 2015/16 by negotiating supplier rebate deals.
Apparently suppliers gave rebates on goods with the understanding they would be
recouped with higher prices later in the year.
It is believed that new boss Guy Russo
uncovered the scheme shortly after taking office in March. Target’s Managing
Director has decided to resign.
