×
68 094
Fashion Jobs
NORDSTROM
General Manager- Cafe Bistro- Barton Creek Square
Permanent · Austin
NORDSTROM
Asset Protection - Agent - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
Asset Protection - Security Ambassador - Palo Alto
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Fashion Outlets of Chicago Rack
Permanent · Rosemont
NORDSTROM
Asset Protection - Security Ambassador - Factoria Mall Rack
Permanent · Bellevue
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Berlin
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Indianapolis
KOHLS
Loss Prevention Associate
Permanent · Plainfield
KOHLS
Loss Prevention Assistant Supervisor
Permanent · Plainfield
OLD NAVY
Assistant Manager, Customer Operations - Central Plaza
Permanent · Ballwin
COTY
Account Executive, Retailer.Com
Permanent · New York
COTY
Account Executive, Retailer.Com
Permanent · New York
MACY'S
Manager, Omni Operations
Permanent · Savannah
MACY'S
Manager, Omni Operations
Permanent · Hoover
MACY'S
Manager, Merchandise Execution
Permanent · Niles
MACY'S
Manager, Omni Operations - Lakeline Mall
Permanent · Cedar Park
MACY'S
Asset Protection Security Guard, Dallas Galleria - Part Time
Permanent · Dallas
MACY'S
Manager, Merchandise Execution
Permanent · Merritt Island
OLD NAVY
Assistant General Manager - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant Manager, Customer Operations - Sugarloaf Mills
Permanent · Lawrenceville
OLD NAVY
Assistant General Manager, Customer Operations - Christiana Towne Ctr
Permanent · Christiana
OLD NAVY
Assistant Manager, Customer Operations - Summit Woods Cross
Permanent · Lee's Summit
Published
Jul 20, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

David Jones and Country Road to dent parent firm's profits

Published
Jul 20, 2018

High-end Australian department store chain David Jones is rarely out of the news these days, whether it’s upgrading its luxury credentials or striking a deal with Disney to turn its flagship toy department into a mini theme park.


Country Road



But the headlines were less positive on Friday as the retailer’s South African owner Woolworths Holdings talked about "extremely challenging” trading conditions in the Australian market and warned that profits would be hurt as a result.

Woolworths said charges linked to its struggling Australian business will mean a full-year loss, the parent company’s first in at least 16 years.

The company also owns the Australian Country Road chain and those tough conditions meant the year to June 24 wasn’t a great one for either of the retail brands.

That said, it wasn’t the disaster it might have been and David Jones managed to drive its like-for-like sales up by 2.7% in the second half. While that wasn’t enough to rescue the full year (the difficult first half meant overall comp sales fell 0.4%), at least it showed the DJs unit is starting to turn itself around.

Meanwhile Country Road sales rose 1.7%, although its comp sales dropped by 1.8% across the business unit that includes the Country Road, Mimco, Witchery, and the Politix menswear brand, despite net retail space rising by 2.5% in the period.

However, online sales offered better news for both DJs and Country Road with a 21% leap at the former and a 20% rise at the latter. For DJs, it still means online only accounts for 5% of its total, but that should change if the latest increase is repeated for the next few years. E-sales currently account for 18% of Country Road’s turnover.

Copyright © 2022 FashionNetwork.com All rights reserved.