still a takeover target

http://www.theaustralian.com.au/business/latest/myer-saw-compelling-value-in-djs-merger/story-e6frg90f-1226814751490



DAVID Jones remains a potentially lucrative takeover target even after the iconic retailer rejected a $3 billion merger proposal from rival Myer.

Myer approached David Jones with a merger offer in late October, believing a unified department store business would be better able to compete against international retailers.


AND
http://www.smh.com.au/business/retail/marks--spencer-thinks-small-as-it-gears-up-for-australian-debut-20140128-31kpk.html

The $13 billion British department store retailer Marks & Spencer is accelerating plans to enter the crowded Australian market.
It will put further pressure on Myer and David Jones, which also face the imminent arrival of fast fashion chains including H&M from Sweden and Japan’s Uniqlo.