Upmarket department store David Jones will match arch-rival Myer's aggressive discounting strategy as the retailers head into winter. The chief executive of DJs, Mark McInnes, was relatively upbeat about the economy despite the storm clouds gathering over Europe and world

Wednesday May 19, 2010, 7:39 am Woolworths is keen to buy part of the Brickworks Markets site at Torrensville in Adelaide's western suburbs . It wants to build a shopping centre on much of the site, but preserve the kiln and existing weekend market. West Torrens

Sure, in trading terms the Myer numbers show it doing fairly much as forecast in the prospectus — slightly better in fact than boss Bernie Brookes indicated at the beginning of February when he unveiled the sales numbers for the six months to January 23. But the shares have never traded

Despite posting a favourable first half profit result, Mr Harvey said his Harvey Norman electrical and furnishing goods stores and its rivals were struggling under the pressure. ‘‘Our shops are busy and there’s a lot of activity but it’s hard to get the dollars because

THE upmarket department store David Jones has streaked ahead of its rival Myer to record superior sales during the crucial Christmas trading period and unveil a profit upgrade, thanks to a marked improvement in consumer confidence. The chief executive of David Jones, Mark McInnes, refused

Retail sales fell 0.7 per cent in December alone, but rose 1.1 per cent for the December quarter, the Australian Bureau of Statistics reported, citing seasonally adjusted numbers. That compares with economists' forecasts for growth of 0.2 per cent and 1.1 per cent, respectively. The

Figures from the Bureau of Statistics show there was a seasonally adjusted 2.2 per cent rise in home building approvals in December compared to the month before. A markets economist with the National Australia Bank, David de Garis, says it is a very strong result. "The implication of that is

Department store owner Myer has declined to raise its full-year earnings guidance, despite a better-than-expected first-half performance, giving it more flexibility to invest in its business in coming months or offer better prices to customers, while still hitting prospectus targets. Myer

Be the first to comment Australian shoppers grew more cautious at the end of last year as the effects of rising interest rates and the fading impact of government handouts took their toll. Retail sales fell 0.7 per cent in December alone, but rose 1.1 per cent for the quarter, the