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1.Market Observations, 8.Was Sticky

31 May 2017 (AFR) – Retailers kick off clearance sales as winter finally arrives

(31 May 2017, AFR, p13, by Sue Mitchell)

‘Retailers David Jones and Myer are slashing prices on autumn/winter apparel by as much as 50 per cent after pulling the trigger on mid-year clearance sales following the weakest retail trading in five years. David Jones’ clearance sale kicked off on Tuesday, just as the first cold snap for the season sent Sydneysiders scurrying for winter coats and scarves. Myer’s clearance starts on Thursday, in line with…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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