Retail & eCommerce News: Oct 26 - Australia (5 stories)

Here is your Weekly summary for Retail & eCommerce across Australia for Mon 20th October - Sun 26th October 2025

Target is set to cut 1,800 corporate jobs as part of a significant restructuring effort aimed at streamlining operations. This move highlights the ongoing challenges in the retail sector, where companies are adapting to shifting consumer behaviors and economic pressures.

In contrast, Walmart is experiencing a boost in investor confidence, with UBS raising its stock price target to $122, driven by an enhanced data strategy. Additionally, Walmart's partnership with OpenAI is poised to revolutionize retail through AI-driven purchasing capabilities, potentially reshaping customer experiences.

Meanwhile, Axfood reported growth across all segments in Q3 2025, increasing its market share, while Verkkokauppa.com saw a 15% revenue surge, largely attributed to its online sales performance. These developments underscore the importance of digital strategies in driving profitability in the current retail landscape.