department stores

Glennon Capital

A couple of days ago the Australian Bureau of Statistics released the latest retail sales figures, touching on many of the retail segments services by the ASX listed retailers. Overall sales increased 3.1% for January and 3.4% for the year, and continued to reduce from the strong 6% growth rates... Show More

Clime Asset Management

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