South African-owned department store David Jones has maintained its strong lead on rival Myer, reporting an 8.4 per cent increase in sales in Australian dollar terms and 7 per cent growth in [...]
Wesfarmers department store boss Guy Russo warned the global fashion heavyweights a Target turnaround would hurt as he dumped in-store playgrounds and cafes and killed off the mid-year toy [...]
As Guy Russo walked through Pitt Street Mall in Sydney, he counted 28 retailers – out of 31 – that were slashing prices by up to 70 per cent.It’s a model Mr Russo, the boss of [...]
Facing more than $1 billion in impairments and a further $145 million in restructuring costs, Wesfarmers’s Target is expected to post an end-of-year loss of $50 million.It is no wonder that [...]
Retailer Target is now officially a slow-mo train wreck. A knife has been taken to the estimated value of the discount department store’s goodwill. In the space of two years, [...]
