The fastest growing sector in the economy today is not mining, retailing or even education. It’s superannuation, which accounts for almost 30% more than the total savings held by the banking and mutual…
Retailer David Jones has found itself in the middle of ongoing market intrigue since last year, spurred on by a merger approach from Myer. The advance was rejected without shareholders being made aware…
Yesterday morning came the news South African retailer Woolworths had offered $4 a share to acquire David Jones, a proposal that has the approval of the department store’s board. This offer, worth an estimated…
Many employees and investors in large companies believe organisational leaders overuse consultants. Witness the latest broadside at the embattled David Jones board, accused of appointing advisers to take…
The recent proclamation by David Jones CEO Paul Zahra that traditional department stores are likely to become smaller, fashion-focused and devoid of low-margin items reflects the various competitive influences…
David Jones’ 40% full-year profit plunge sends a very clear message to the Australian retail sector: if you want to perform you need to reform. Such reform means a number changes to aspects of a retailer’s…