DJs turns off music as sales slip
David Jones will stop selling DVDs, music and video games as part of a move to exit low-performing categories, as the retailer reported a 1.4 per cent drop in total sales revenue to $590.1 million during the Christmas season.
David Jones chief executive and managing director Paul Zahra said the results for the quarter, which included the Christmas period, reflected growth in high-margin categories such as womenswear, beauty and accessories.
But he said that the company’s sales performance was "adversely impacted" by products in the home categories such as electronics.
Shares dropped 1.9 per cent to $2.63 in early trade. Sydney Morning Herald – Read more…