David Jones sales in slump

Mercury (Hobart) - - TALKING POINT -

THE sales slump has wors­ened at be­lea­guered de­part­ment chain David Jones, with com­pany’s South African own­ers con­firm­ing a 2.1 per cent drop in to­tal sales over the past four and a half months.

Par­ent com­pany Wool­worths Hold­ings told the Jo­han­nes­burg Stock Ex­change yes­ter­day that com­pa­ra­ble store sales were down 0.7 per cent since July 1.

A 68 per cent in­crease in on­line sales to Novem­ber 17 stemmed the bleed some­what, and now com­prise 10.4 per cent of the store’s to­tal sales.

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