David Jones might be relishing a 2.4% increase in same-store sales — although maybe not as much as a nice takeover offer from South African retailer Woolworths — but out on the street, shoppers have spoken. And they aren’t saying, “Wow, DJs!”
Meanwhile, check out the queues outside Australia’s first H&M store in Melbourne. As any European will tell you, H&M is the retailing equivalent of broccoli: something that’s OK to look at, slightly disappointing to eat but ultimately beneficial, even if you don’t enjoy it. And yet there they were on opening day, 3000 people queuing around the block to eat their greens, silently but eloquently making their point about capitalism, a system cruel on the complacent, unless you happen to be a big bank.