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The revolving door of retail

The past week has played out a retail version of musical chairs. New owners have been announced for two retail brands while a third retail chain, left without anywhere to go, is closing down. The retailer leaving the game is the 166-year-old Dimmeys, a discounter squeezed by higher operating costs, increasing competitive pressure and changing customer expectations. The no-frills Dimmeys, one the oldest retail businesses in Australia, took a very contemporary approach to announcing the closure of