TURNING RETAIL ON ITS HEELS

"Fast fashion retailers and online competitors are taking their toll on department stores globally, but the same can't be said for the innovative brands many of them rely upon to drive sales. The department store struggle is reflected in falling market capitalisation, with Myer losing three-quarters of its value since its 2009 ASX debut and America's Nordstrom last month experiencing its steepest daily price decline since 2000. Yet, against this trend are emerging fashion brands making significant inroads with consumers, and the equity market is rewarding them." Read more

Laura Daquino Business News Australia 10 Dec 2015