DJs up, but there's bad news in store.(David Jones Ltd.)(Brief Article)

Australasian Business Intelligence, March, 2005 by Wood, Leonie

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

David Jones has announced a 5.9 per cent rise in sales for the 26 weeks to 29 January 2005, to $A1.01 billion. The retailer's net profit for the period increased 22 per cent to $A52.89 million. However, the Australian company has reduced its shareholder discount rewards rate and has cut spending, in anticipation of a slowdown in consumer spending over the coming two years. David Jones' sales growth for February and March has slipped to about two to three per cent. The group's fully-franked $A0.06-a-share interim dividend will be payable on 5 March 2005.

Publication Date: 23 March 2005

DAVID JONES LIMITED - ASX DJS: 

COLES MYER LIMITED - ASX CML:

MYER STORES LIMITED

By Leonie Wood...

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