David Jones is a mature company with a strong balance sheet supported by an attractive property portfolio
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 stores, particularly given the impending arrival of Marks & Spencers. Read more: (VIEW LINK)
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