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1.Market Observations, 8.Was Sticky

14 June 2019 (TheAge) – Recession-like conditions: Kmart and Target are being infected by Australia’s retail malaise

(14 June 2019, The Age, Business, p30, Stephen Bartholomeusz, Senior business columnist)

‘The downgrades to Kmart and Target department store sales and earnings that Wesfarmers announced ahead of its annual strategy briefing today is consistent with the depressed state of consumer confidence and a weakening economy and adds to the pressure on the Morrison government to take action to stimulate growth.’



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