Chairman, Gerry Harvey, has indicated he'll close more underperforming stores as the company now concedes it may have made a dodgy purchase.

Also a bit dodgy is a claim made by one of the major supermarkets this week about a strategy it calls a "first" for Australia. It's not, and Inside Retail has the evidence from its direct competitor proving otherwise.

Retravision Southern is also in focus with a feature about the fallout surrounding its liquidation. Topshop's David Slade also weighs in on an ailing industry - department stores - with his thoughts on how they can improve performance.