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David Jones is worth $437 million less today than it was yesterday — and it’s blaming a ‘retail recession’ that technically doesn’t exist

David Jones is worth approximately $437 million less in the eyes of its South African owner Woolworths, as it announced it was downgrading the department store based on the Australian retail environment. Woolworths (no relation to the Aussie supermarket giant) must be regretting ever purchasing DJs back in 2014, with […]
David Jones is worth $437 million less today than it was yesterday — and it’s blaming a ‘retail recession’ that technically doesn’t exist