Don’t expect any major retail shakeup.
Two retailers are reporting this week and investors are keeping fingers crossed that the retail environment could be picking up.
David and Anne Norman's retail group buys Woolies' stake in The Warehouse for $87m.
James Pascoe acquired 305,000 shares for a total of $817,000m yesterday, implying a price of about $2.68 a share.
Retailers hit by slow start to peak Christmas season and shrinking margins in competitive environment.
Although most retail industries were up in December, the local rag trade struggled in the lead up to Christmas.
The Meeting Place of Intelligent Business