DJs sales up but best days over.(David Jones Ltd.)(Brief Article)

Australasian Business Intelligence, February, 2005 by Frew, Wendy

Feb 22, 2005 (The Sydney Morning Herald - ABIX via COMTEX)

David Jones's sales for the second quarter of 2004-05 grew by 4.7 per cent, on a like-for-like basis. On 22 February 2005, the Australian department store chain predicted its full-year profits could grow by up to 10 per cent. CEO, Mark McInnes, claims the competition between David Jones and its rival, Coles Myer, has been good for both companies. According to Nielsen Media Adex data, David Jones outspent Coles in main media advertising during 2003-04, in a bid to retain its market lead. David Jones shares closed $A0.03 lower on 22 February 2005, at $A2.

Publication Date: 23 February 2005

DAVID JONES LIMITED - ASX DJS:

COLES MYER LIMITED - ASX CML:

MYER STORES LIMITED:...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.