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Investment confidence in retail waning

The Australian Stock Exchange has endured a rollercoaster ride in recent months as uncertainty about global economic conditions and continuing political malaise undermine confidence. However, the prevailing market conditions don’t explain the lack of investment confidence in three major retailers and a degree of wariness about others whose future prospects are being closely scrutinised. Woolworths, Australia’s largest retailer, Myer and Metcash are all under pressure from investors, who rema