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.

By InvestSMART · 13 May 2013

By InvestSMART ·
13 May 2013

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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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DJs to push for shorter leases

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