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Are Myer and David Jones on their last legs?

Article image for Are Myer and David Jones on their last legs?

Top analysts are warning Myer and David Jones may disappear within ten years.

As department stores around the world continue to decline, some are predicting the Australian chains will be the next to go.

Myer and David Jones are failing to compete with online shopping, and recent figures also show they’re performing worse than other retailers.

Founder of Harvey Norman Gerry Harvey tells Ben Fordham he thinks department stores still have potential, but Myer and David Jones seem to be going backwards due to bad management.

“The evidence is suggesting that’s the way it’s going.

“But department stores across the world are not all going broke and a lot of them are doing really well.”

Click PLAY below to hear the full interview

 

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