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DJs ups profit forecast after surge in sales

Tue 09/02/10 - 08:54:46 vs6
February 10, 2010 David Jones chief executive, Mark McInnes, refused to be drawn into commenting on the tussle with the recently floated Myer, but said his store's premium growth for the first half and December quarter reflected David Jones's differentiation in the mind of consumers as
Tags : smh.com.au, shares, RON, core categories, promotional activity, profit forecasts, comparable period, rose 13, target, upturn, tussle, differentiation, second quarter, footwear, six months, profits, guidance, appliances, flexibility, cosmetics, consumers

DJ"s outshines Myer - again

Tue 09/02/10 - 08:17:01 vs6
Last week Brookes doubled his guidance for Myer���s first half earnings to 10 per cent. Today David Jones���s Mark McInnes matched this call. What���s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared
Tags : businessday.com.au, spa, retail sales growth, profit improvement, excess cash, profit growth, implication, fourth quarter, dividend, second quarter, leverage, shareholders, nightmare, second half, guidance, earnings, six months

Good times in store for DJs

Tue 09/02/10 - 08:16:22 vs6
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THE upmarket department store David Jones has streaked ahead of its rival Myer to record superior sales during the crucial Christmas trading period and unveil a profit upgrade, thanks to a marked improvement in consumer confidence. The chief executive of David Jones, Mark McInnes, refused
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Tags : smh.com.au, shares, stimulus package, core categories, superior sales, consumer confidence, promotional activity, profit forecasts, comparable period, upmarket, upturn, tussle, differentiation, department store, second quarter, footwear, chief executive, second half, six months, guidance

David Jones raises profit forecast

Tue 09/02/10 - 10:12:10 vs6
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Luxury department store David Jones says it may increase dividends as profits improve. Chief executive Mark McInnes told journalists the business was in ‘‘terrific shape’’. ‘‘Our gross margins are good, our costs are good, our inventories are clean, our debt is low,’’ he
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Tags : smh.com.au, spa, Hold, EBIT, economic downturn, gross margins, excess cash, comparable period, upmarket, department store chain, stimulus, dividends, inventories, balance sheet, second quarter, shareholders, guidance, journalists, caution, six months, profits

Challenger Diversified posts $13.7m loss

Tue 09/02/10 - 09:13:26 vs6
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Challenger Diversified Property Group has posted a first half net loss of $13.7 million after property writedowns and revaluations. But the group, which has interests in office, industrial and retail properties , says it has strengthened its balance sheet and is poised for
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Tags : au.biz.yahoo.com, Property, earnings, property asset management, unit distribution, retail properties, operating profit, challenger, balance sheet, leasing, six months, losses, guidance

Challenger Diversified posts $13.7m loss

Tue 09/02/10 - 08:32:09 vs6
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AAP Challenger Diversified Property Group has posted a first half net loss of $13.7 million after property writedowns and revaluations. But the group, which has interests in office, industrial and retail properties, says it has strengthened its balance sheet and is poised for
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Tags : news.smh.com.au, spa, RON, Property, earnings, development pipeline, unit distribution, retail properties, growth opportunities, operating profit, AAP, stock exchange, balance sheet, acquisitions, leasing, six months, losses, guidance

DJ"s outshines Myer - again

Tue 09/02/10 - 07:52:20 vs6
Last week Brookes doubled his guidance for Myer’s first half earnings to 10 per cent. Today David Jones’s Mark McInnes matched this call. What’s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared with Myer which
Tags : smh.com.au, spa, retail sales growth, profit improvement, excess cash, profit growth, implication, fourth quarter, dividend, second quarter, leverage, shareholders, nightmare, second half, guidance, earnings, six months

David Jones H1 sales up 2.3%

Tue 09/02/10 - 06:35:09 vs6
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Department store David Jones Ltd has increased its first half sales by 2.3 per cent and sharply raised its interim and second half profit guidance. The upmarket department store chain reported sales revenue for the six months to January 23 of $1.087 billion, up from $1.062 billion in
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Tags : au.biz.yahoo.com, comparable period, upmarket, department store chain, second quarter, six months, guidance

David Jones H1 sales up 2.3%

Tue 09/02/10 - 06:32:49 vs6
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AAP Department store David Jones Ltd has increased its first half sales by 2.3 per cent and sharply raised its interim and second half profit guidance. The upmarket department store chain reported sales revenue for the six months to January 23 of $1.087 billion, up from $1.062 billion
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Tags : news.smh.com.au, spa, RON, comparable period, upmarket, department store chain, AAP, second quarter, six months, guidance

Cochlear net profit jumps 8%

Tue 09/02/10 - 06:13:30 vs6
Revenue for the first half of 2009-10 fell 2 per cent to $347.6 million. Sales, excluding foreign exchange contracts, were down 3 per cent to $336.9 million. The company said this morning that the sale of individual cochlear implant units rose 7 per cent to 9811 although installed base sales
Tags : smh.com.au, spa, europe, Euro, interim dividend, currency terms, exchange contracts, free cash flow, northern hemisphere, processor technologies, sound processor, summer holidays, cochlear implant, complete system, launch, 6 million, next generation, earnings, profits, guidance

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