AUSTRALIA’S department store bosses should be very afraid.
After years of divvying up the $19.5 billion market into clearly defined segments — with Kmart and Big W battling for the discount shopper, David Jones and Myer at the premium end and Target in the middle — the titans of traditional retail are about to get a rude awakening.
A global discount chain is about to disrupt our department store sector, with plans to open 35 stores in April under a business model unlike anything we’ve seen.
http://www.news.com.au/finance/busi...nch-in-australia/news-story/9e6eae885331cd6d7
News: UPDATE 1-Australia's Woolworths cuts dividend as half year profit slides, page-50
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