Department store sales drop from 14% to 5% in Australia
The decline of department stores like David Jones signals a significant shift in Australian retail. Department store sales have plummeted from 14 percent of total retail to about 5 percent since the 1980s, as online shopping and discount retailers gain dominance. Analysts predict challenging times ahead for discretionary spending amid rising interest rates and low consumer confidence.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 12 Nov 2026, 19:44 UTC · Updated 12 Nov 2026, 19:50 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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