David Jones’ future looks grim. Is Myer next?
The Guardian World reports that David Jones, an upmarket Australian department store chain, has slid into administration and is closing half of its 38 stores. The piece, framed as a question in its headline, asks whether rival Myer could follow. It points to Myer's battered profitability, its share price sitting near all-time lows, and heavy discounting in its stores.
Based on The Guardian World's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
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David Jones’ future looks grim. Is Myer next?
With Myer’s profitability battered and share price languishing near all-time lows, DJs’ slide into administration raises an uncomfortable question Get our breaking news email , free app or daily news podcast When the retailer’s doors slide open, shoppers are greeted by rows of slashed price tags, frantic discounting, and all the other hallmarks of a department store closing down. Except, this isn’t David Jones, the embattled upmarket retailer that is shutting half its 38 stores . Continue readin
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