It is probably no accident that news about McInnes joining billionaire Brett Blundy’s retail empire coincided with a 3.5 per cent fall in Myer’s share price where his former boss,Solomon Lew,is a key shareholder.
Shoppers will spend $1.25 billion on “unprecedented” deals as retailers look to clear and refresh stock,says the Australian Retailers Association.
Gen Z shoppers weren’t tempted by Black Friday discounts at all,while others switched from department store luxuries to essentials at discount barns.
The retail behemoth survived COVID-19 and bounced back to profit. As senior executives prepare to leave,the 123-year-old retailer faces its next challenge.
The department store operator is removing the role of assistant sales manager as its new private equity owner,Anchorage Capital,looks to streamline operations.
Living costs are making trading conditions tough,but the boss of DJs hopes the consumer outlook will lighten.
The duo stole more than $56,000 in luxury items from a David Jones store in the CBD,with the mother’s lawyer saying expensive clothing was her “choice of joy”.
Nostalgia casting pays off for Kate Moss,Naomi Campbell,Catherine Deneuve and Megan Gale.
The South-African owner of David Jones will hit the exit on a high this month after it turned the department store around but ahead of a softening in demand.
The upmarket retailer’s chief executive says there has been strong foot traffic in the department store at Christmas and beyond,despite clouds brewing on the horizon.
On the tools in the wrong singlet.