The recent half yearly financial reporting season has brought the spotlight well and truly onto Australia’s department stores. David Jones has flagged a possible 35-40% full year decline in net profit, with some newspaper headlines suggesting that DJ’s were in a fight for their survival.
I think we are all across the woes in retailing with the current economic climate and an enduring sentiment of caution amongst consumers. But what has been engrossing of recent times is the new business lexicon being bandied around. To this end, the following blog is sheer indulgence – simply sharing some of these, and importantly reflecting on the fact that it is the new world of retailing mandating attention be given to the labels expressed here.