More bad news for retailers as middle-income households shrink
Luke talks to Roger Simpson, CEO of The Retail Solution, about struggling big retailers.
With DJ’s second massive write down recently hitting the headlines, and department stores in the UK also struggling for sales, another big US retailer, Barneys, has fallen into administration.
Online sales and increased competition are partly to blame, but another key factor is
the recent decline in the number of middle-income households here in Australia and around the world.
Is this yet another nail in the coffin for Myer and DJ’s?
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