H&M queues spell end of department stores

David Jones might been 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, the shopper has spoken. And they aren’t saying, ‘Wow, DJs!’ In Melbourne last weekend, Intelligent Investor Share Advisor analyst Gaurav Sodhi was amazed at the size of the queues to enter Australia’s first H&M store. As any European will tell you, H&M is the retailing equivalent of broccoli, something that’s okay to look at, slightly disappointing to eat but ultimately beneficial, even if you don’t enjoy the...

David Jones might been 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, the shopper has spoken. And they aren’t saying, ‘Wow, DJs!’

In Melbourne last weekend, Intelligent Investor Share Advisor analyst Gaurav Sodhi was amazed at the size of the queues to enter Australia’s first H&M store.

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