David Jones says retail spending up significantly, more boutiques planned

 In Australia, NewZealand
David Jones has brushed off suggestions it will head downmarket under its new owners, and says it aims to build more boutique stores amid continued economic uncertainty.
Chief executive Iain Nairn, who was appointed in August after the $2.1 billion takeover of David Jones by South African retailer Woolworths Holdings, said its tracking of about $30 billion in retail spending showed "significant" growth in year-on-year spending.
"The customer is spending and we’re making good market share gains, particularly in the department store sector," Mr Nairn said.
Interest rate cuts and lower petrol prices "led to significant positives flowing in, in terms of discretionary income".  Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.