AI summary
David Jones’ collapse threatens Myer, whose falling profits and share price suggest the struggling department store sector faces a grim future.
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David Jones’ future looks grim. Is Myer next?
Source excerpt
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With Myer’s profitability battered and share price languishing near all-time lows, DJs’ slide into administration raises an uncomfortable questionGet our breaking news email, free app or daily news podcastWhen 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 reading...
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