David Jones’ future looks grim. Is Myer next?
GlobeAlert Desk · curated from Guardian Australia · Australia · Oceania
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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What the desk knows about this story
Scored from severity, scale, escalation potential and source agreement. Below the alert threshold.
Single-source so far. Treat details as unconfirmed until more publishers report.
Not flagged as developing.