Department stores woes get worse.Why? have a look at Westfield and other shopping centre owners.....they are the new department store owners now.The 'high street' stores were nocked for six by the department stores a few decades ago,and now it is their turn to be superceded by shopping centres with specialty shops.If you believe in the 'department store' idea then invest in the shopping centres.
Coles Myer, -16%, shocking, page-5
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