Retail in Asia

In Sectors

Australian department store Myer favoured over rival David Jones

Analysts are backing Myer over rival department store David Jones, even though the latter reported a higher profit from lower sales in the first half of the financial year.

David Jones’ reliance on an upturn in consumer spending and unwillingness to commit to a sales forecast in the second half has led analysts to recommend Myer as a more suitable investment target.

(Source: The Australian)