What do Amazon, Buffett and Sydney CBD retail have in common? You know about Amazon and its potential to destroy retailers. While Amazon’s Australian launch last December was somewhat underwhelming, one could consider it a ‘soft’ launch. Whether it’s next year or next decade, odds are Amazon will get its... Show More
Good morning, Show More
19th Mar 2014, Investor Snapshot: David Jones (DJS) first half result 2014; Credit cards drag, Online flourishes,Retailer David Jones has reported a 4.6% decline in first half profit driven, by a 53% decline in earnings from its credit card business. Retail earnings rose by 8.3% helped gains for its online... Show More
David Jones is a mature company with a strong balance sheet supported by an attractive property portfolio. However in the context of increased competition and a subdued retail environment, we do not expect a recovery in profitability to previous levels. Myer's merger proposal highlights the challenging outlook for Australian department... Show More