International Introspective: A more buoyant Aussie retail market tracks U.S. trends
Two of the larger mass retailers in Australia share the names Target and Kmart with two of the U.S.'s big retailers, and that isn't the only similarity between the two nations' retail landscapes. Three players - Big W, Kmart and Target - dominate Australia's toy and children's apparel markets and are currently entrenched in a pitched price battle, putting the squeeze on smaller competitors and suppliers' profit margins. Sound familiar?
February 1, 2004
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