Rocky waters ahead for retail

The chilly winds of the current economic conditions are blowing through the retail industry and shaping major boardroom decisions. The economic headwinds have prompted Wesfarmers to abandon a planned listing on the Australian Stock Exchange for the Officeworks chain. Retail Apparel Group has also opted for a trade sale rather than test investor confidence with a public float, an option that is understood to have also been evaluated by the Sussan Group. While not actively canvassing a sale of its

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