Friday 20 August 2010

David Jones Q4 Like-For-Like Sales Are Positive - 20/08/10

David Jones have posted their fourth quarter sales results ahead of forecasts, and the results speak for themselves. The company announced their like-for-like sales rose 1.7 percent. In the quarter up to 31st July, total sales rose to 7.3 % to $497 million. Although David Jones have just experienced the now famous $37 million law suit concerning their former Chief Executive Mark McInnes, Australia’s premium end department store is looking positive, but not so much for Myer.

Image credit: David Jones

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Posted by MO at 6:00 am
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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au