The department store era is over

Capitalism is cruel on the long-lived. Entrenching cultures and ways of doing, the passing of time breeds complacency in the old on which the new pounce. David Jones was founded in 1838, Myer in 1900. Whether they merge or not, and it would make sense to do so, both are unlikely to survive in anything but a token form in a decade or so. DJs and Myer emerged from capitalism’s primordial soup caked in a belief that their magnificent brands and fine service, when you can find someone to deliver it, would always lure customers. Stay of execution A 15-year...

Capitalism is cruel on the long-lived. Entrenching cultures and ways of doing, the passing of time breeds complacency in the old on which the new pounce.

David Jones was founded in 1838, Myer in 1900. Whether they merge or not, and it would make sense to do so, both are unlikely to survive in anything but a token form in a decade or so.

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