You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

2 Aug 2019 (AFR) – Retail recession causes $437m write-down of David Jones

(2 August 2019, AFR, p21, Tim Boyd, Reporter)

‘The local retail market is in recession according to South African-based retailer Woolworths Holdings, which said it was forced to write down the value of upmarket department store David Jones by $437 million as a result. Woolworths announced the write-down to the Johannesburg stock exchange on Thursday afternoon AEST, which reduced its valuation of David Jones to $965 million. It bought the 181-year-old store for $2.1 billion in 2014.’

Read more at (might need AFR login access, or try:

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: