You are viewing:-
archives

David Jones

This tag is associated with 19 posts

24 Aug 2019 (AFR) – Department stores: Luxury brands transform David Jones flagship

(24 August 2019, AFR, p2, Sue Mitchell, Senior Reporter) ‘Department stores are not going the way of the dinosaur any time soon, judging by the support from designer brands for David Jones’ $400 million refurbishment of its flagship Elizabeth Street store in Sydney.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

3 Aug 2019 (AFR) – Department stores no longer a ‘destination’

(3 August 2019, AFR, p6, Simon Evans and Tim Boyd) ‘David Jones and Myer need to move faster in closing and shrinking their stores as spending rapidly shifted online, warned experts who said the appeal of being a ”destination” faded years ago. The malaise in department stores was reinforced on Friday when Australian Bureau of … Continue reading

2 Aug 2019 (AFR) – Retail recession causes $437m write-down of David Jones

(2 August 2019, AFR, p21, Tim Boyd, Reporter) ‘The local retail market is in recession according to South African-based retailer Woolworths Holdings, which said it was forced to write down the value of upmarket department store David Jones by $437 million as a result. Woolworths announced the write-down to the Johannesburg stock exchange on Thursday … Continue reading

18 Jan 2019 (TheAge) – David Jones reveals soft Christmas sales lift

(18 January 2019, The Age, p14, by Mathew Dunckley) ‘Department store giant David Jones is the latest retailer to confess to a weak Christmas amid gathering evidence that penny-pinching consumers shopped early at November sales and then stayed away from the shops during the festive rush. In a statement released on Thursday night, David Jones’ … Continue reading

27 Apr 2018 (TheAge,SMH) – Myer and DJs falling sales hit retail landlords

(27 April 2018, The Age, Business, p25, by Carolyn Cummins) ‘Department stores are weighing on the results of shopping centre landlords, with sales contributions in the red for the three months ending March 31. Sluggish consumer sentiment, ongoing complaints of bad in-store service and a demise in the concept of a ”one-stop-shop” are putting the … Continue reading

23 Feb 2018 (TheAge) – DJs admits to ‘own goals’ as profit slashed by third

[COMMENT: Might this also have something to do with the general economy and the retail environment?] (23 February 2018, The Age, Business, p22, Patrick Hatch) ‘Department store David Jones’ profit has fallen by a third after being hit by the same sluggish trading conditions as arch rival Myer, blaming consumers who are suffering from low … Continue reading

25 Aug 2017 (TheAge) – David Jones blames belt-tightening as shoppers steer clear

(25 August 2017, The Age, BusinessDay, p23, Patrick Hatch) ‘David Jones boss John Dixon says there is no end in sight to the weak consumer sentiment that has seen shoppers steer clear of his stores. Comparable sales at David Jones fell 0.7 per cent in the 12 months to June 30, compared to 7 per … Continue reading

15 July 2017 (TheAge) – Crunch time: David Jones bets on food after first sales slump under new owners

(15 July 2017, The Age, BusinessDay, p3, Melissa Singer) ‘It’s crunch time for David Jones. On Friday, Woolworths Holdings, the South African owners of David Jones, released a trading update showing the first full-year slump in like-for-like sales since it purchased the department store chain in 2014. Although overall sales for David Jones increased by … Continue reading

31 May 2017 (AFR) – Retailers kick off clearance sales as winter finally arrives

(31 May 2017, AFR, p13, by Sue Mitchell) ‘Retailers David Jones and Myer are slashing prices on autumn/winter apparel by as much as 50 per cent after pulling the trigger on mid-year clearance sales following the weakest retail trading in five years. David Jones’ clearance sale kicked off on Tuesday, just as the first cold … Continue reading

17 Sept 2016 (AFR) – Why big retailers are running away from ‘zombie’ stores

(17 September 2016, AFR, p18, by Simon Evans) ‘Big established retailers are in fear of “zombie” stores. They are still there but feel dead because the space is simply too big and built for an era before the internet up-ended retailing. Stock levels are lower because fewer customers are coming in and those that do are frustrated by … Continue reading

15 Jan 2016 (TheAge,SMH) – David Jones records strong Christmas sales, but slips from 15-year high

(15 January 2016, TheAge, BusinessDay, p20, Catie Low, Reporter,  View more articles from Catie Low) ‘Analyst predictions of the best Christmas in a decade failed to sustain David Jones’ break-neck sales growth, which slipped from a 15-year high in mid November to just shy of 10 per cent for the 26 weeks to December 27. The latest … Continue reading

27 Nov 2015 (AFR) – Christmas comes early for retail stocks – but risks remain

(27 November 2015, AFR, p24, by Vanessa Desloires) ‘The Australian sharemarket may be struggling to mount a Christmas rally, but retail stocks are enjoying an early Christmas of their own.  The spotlight has been on retailers following Myer Holdings’ surprise 4 per cent rise in comparable sales for the three months to October 24. It followed rival David Jones’ 10.4 per … Continue reading

16 July 2015 (AFR) – David Jones sales surge 6.4pc under new owners Woolworths Holdings

(16 July 2015, AFR, p23, by Sue Mitchell ) ‘Upmarket department store chain David Jones has posted its strongest sales growth in eight years under new South African owner, Woolworths Holdings, increasing the pressure on arch rival Myer. In a trading update in Johannesburg on Wednesday, Woolworths said David Jones’s sales for the year ending June 30 rose 6.4 per cent in … Continue reading

5 Feb 2015 (TheAge, SMH) – Hemlines down at David Jones as economy stalls

(5 Feb 2015, The Age, BusinessDay, p23, Sue Mitchell) ‘If the hemlines at David Jones’ autumn/winter fashion parade are any guide, the Australian economy is going backwards. According to a little-known economic index known as the hemline indicator, dress lengths…’ Read more at SMH.com.au

12 Dec 2014 (AFR) – David Jones, Myer may jump gun on Boxing Day sales, sparking concern

[COMMENT: Now is this an indication of how bad the retailing environment really is in Australia?] (12 Dec 2014, AFR, p15, Sue Mitchell) ‘Boxing Day-style bargains may be on offer before Christmas if department store chains David Jones and Myer bring forward their end-of-year clearance sales after weeks of patchy trading. Industry sources say David … Continue reading

27 Dec 2013 (AFR) – Spending binge with a bag of complaints

(27 Dec 2013, AFR, p3, Rebecca Thistleton) ‘Retailers are reporting bumper post-Christmas sales along with a swarm of complaints about crashed websites, late deliveries and poor service in one downside of the online shopping binge.’ ‘Myer was forced to apologise when its website crashed while David Jones was attacked for putting up sales banners covering … Continue reading

14 Nov 2013 (TheAge) – It’s hard to be optimistic for retail – Bernie Brookes reports small improvements in Myer first-quarter sales

(14 Nov 2013, The Age, BusinessDay, p30, Elizabeth Knight) ‘Listening to Myer boss Bernie Brookes talk about the first-quarter sales result, which is a harbinger for the all-important Christmas period, doesn’t really inspire optimism about the retail sector. Like most retail bosses, Brookes points to a bit of a bounce since the federal election and … Continue reading

26 Sept 2013 (TheAge) – Spending upturn will take time, DJs warns

(26 Sept 2013, The Age, BusinessDay, p23, Eli Greenblat) ‘David Jones boss Paul Zahra said the upmarket department store noticed a slight improvement in its sales trajectory in the weeks after the federal election, but he expected 2014 to be a challenging year, with better times for discretionary retail unlikely to emerge until 2015.’ Read … Continue reading

22 Nov 2012 (TheAge) – DJs fails to win over market

(22 Nov 2012, The Age, BusinessDay, p1, Colin Kruger) ‘FASHION-CONSCIOUS shoppers helped David Jones eke out its first quarter of sales growth in two years, but it did not impress the market, which sent the retailer’s shares down more than 6 per cent to $2.41.’ ‘The department store, which launched its new online sales channel … Continue reading