DJs to 'exploit' Myer weaknesses.(David Jones Ltd., Coles Myer Ltd.)(Brief Article)

Australasian Business Intelligence, March, 2005 by Clow, Robert

Mar 28, 2005 (The Australian - ABIX via COMTEX)

Australian upmarket department store chain, David Jones, will open up to six new outlets. In a television interview on 27 March 2005, CEO Mark McInnes said that David Jones, which presently has 34 stores, could expand to 40. In recent years, David Jones has trumped its arch rival Myer. There is talk that Myer's parent company, Coles Myer, may demerge or spin off its struggling department store business. Investment bank, Carnegie Wylie, has been hired to provide advice on its future.

Publication Date: 28 March 2005

DAVID JONES LIMITED - ASX DJS: 

MYER STORES LIMITED:

COLES MYER LIMITED - ASX CML:

CARNEGIE, WYLIE AND COMPANY PTY LTD

By Robert Clow

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