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How Moir hopes to recover some of David Jones’s lost glory

David Jones storefront
Retailers are reluctant to ever utter the “R” word for fear of scaring customers, however, David Jones said a recession in the retail sector was a key factor in the faltering revenue and profit results for its 2019 financial year. The department store’s recession claim was supported in June 2019 by the National Australia Bank as well as a UBS investment bank analysis that indicated retail sales growth for that financial year was the worst in three decades. Reported results for the first ha

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