Retailer plays its cards right to lift earnings.(David Jones Ltd.)(Brief Article)

Australasian Business Intelligence, March, 2005 by Boreham, Tim

Mar 22, 2005 (The Australian - ABIX via COMTEX)

Australian retail chain, David Jones, has a profitable credit card business. The credit card operation produced EBIT of $A15.3 million for the first half of 2004-05, an increase of 24 per cent. It accounted for 20 per cent of the department store's total EBIT. Credit card holders were loyal to the brand, accounting for over 30 per cent of overall sales. The company has made improvements to increase profitability and had hedged its overseas funding exposures. It has no plans to change the in-store model or sell the business.

Publication Date: 23 March 2005

DAVID JONES LIMITED - ASX DJS: 

COLES MYER LIMITED - ASX CML

By Tim Boreham

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