DJs to push for shorter leases
David Jones says it will play hardball with retail landlords over leasing arrangements. David Jones and Myer have been pressuring shopping malls to make concessions as online sales threaten trade. Chief executive Paul Zahra wants lease terms reduced from 25 to 15 years. "We have no reason to open another store unless those rental agreements reach our terms and conditions," he told Nine's Financial Review Sunday program.
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