A rocky half for local retailers

The halfway mark of FY18 is looming as a watershed period for the retail industry in Australia. Low growth economic conditions, changing consumer behaviours and the internet have inflicted the most savage wounds yet on some bricks-and-mortar titans, wounds that are being quantified in current half year trading results. The headline casualties include Myer, David Jones, Target and Bunnings’ UK venture – all are reporting significant balance sheet writedowns in their first half results. Howeve

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