SMH: David Jones downsizes - Why department stores keep slashing floor space

David Jones is reducing its floor space in response to changing consumer shopping habits, focusing on enhancing both online and in-store experiences. RetailOasis co-director Trent Rigby explains that mid-market department stores, like Myer, are struggling as consumers gravitate towards value or premium products. The retail sector is evolving, with a shift towards digital engagement and smaller physical footprints.