April 28 (Reuters) - Wesfarmers Ltd WES.AX :
* WHILE KMART REMAINS PROFITABLE, TARGET EARNINGS HAVE DECREASED SIGNIFICANTLY
* OVER LAST 2 MONTHS, BUNNINGS & OFFICEWORKS EXPERIENCED SIGNIFICANT DEMAND GROWTH
* EXTENDED ITS AVAILABLE COMMITTED DEBT FACILITIES BY ABOUT $2.0 BILLION TO ABOUT $5.3 BILLION
* SUSTAINED DECLINE IN SALES MOMENTUM WILL MATERIALLY IMPACT PROFITABILITY OF KMART, TARGET
* ACCELERATED ITS PLANS TO IMPROVE FINANCIAL PERFORMANCE OF TARGET
* IN KMART & TARGET, SALES GROWTH IN Q3 BROADLY IN LINE WITH LEVELS ACHIEVED IN FIRST HALF OF FY
* IN RECENT WEEKS, IN-STORE SALES MOMENTUM HAS MODERATED IN KMART AND HAS DECLINED SIGNIFICANTLY IN TARGET
* PLANS INCLUDE REVIEW OF ACTIONS TO IMPROVE SHAREHOLDER RETURNS, ASSESSMENT OF STRATEGIC OPTIONS FOR "COMMERCIALLY VIABLE" TARGET
* IN RECENT WEEKS, RETAIL BUSINESSES MADE SIGNIFICANT PROGRESS IN FURTHER ENHANCING RESPECTIVE DIGITAL OFFERS
* IN NEW ZEALAND, KMART & SOME BUNNINGS STORES REMAIN CLOSED