Costco has blamed supermarket heavyweights Coles and Woolworths for slowing the retailer’s expansion in Australia, with chief financial officer and executive vice-president Richard Galanti claiming competition for bulk-goods retail sites in Australia was fierce.
David Jones has continued its store consolidation process, announcing the termination of the Toombul Queensland store, with the lease to be taken up by Target in the Centro shopping centre.
David Jones will terminate a lease with Westfield in Melbourne in favour of opening a store in upmarket North Perth that is better aligned to David Jones core customers.
Costco have been given planning approval by the NSW State Government for a second massive supermarket in Australia, this time in Auburn, Sydney.
Retailer David Jones has reported a first-half profit up 10.2 percent, posting a net profit of more than $100 million for the period ending January 23.
You have reached the end!
