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
David Jones has substantially raised its sales forecasts (AAP: Jeremy Piper)
David Jones says profit margins are growing and consumer confidence is
improving. The company has increased its first-half earnings outlook to
approximately 10 per cent growth, from previous estimates of
Still, he has rejected opposition suggestions the government should wind back
its unspent stimulus. "The Australian economy is still very fragile and it
still needs a significant ongoing stimulus but less than what was the case last
year," Mr Tanner said. A little over half of the
The Australian economy is very fragile but less so than a year ago, Finance
Minister Lindsay Tanner says. Still, he has rejected opposition suggestions the
government should wind back its unspent stimulus. "The Australian economy is
still very fragile and it still needs a significant
Feb. 5 (Bloomberg) -- Spain’s industrial production fell in December by the
least in more than year as government stimulus measures bolstered car sales and
the global recovery underpinned exports. Facing the highest unemployment rate
in the euro region, Spain created one of Europe’s
Mr Brookes said Myer's sales for the month of December were dragged down by the
electrical and entertainment goods categories. Those categories had received a
boost in December 2008 as consumers used up handouts from the federal
government's fiscal stimulus package. "Those were the
Department store owner Myer has declined to raise its full-year earnings
guidance, despite a better-than-expected first-half performance, giving it more
flexibility to invest in its business in coming months or offer better prices
to customers, while still hitting prospectus targets. Myer
Department store giant Myer Holdings Ltd increased its first half sales by two
per cent despite a disappointing Christmas period , and has upgraded its first
half earnings guidance. On a like-for-like basis, sales for the first half grew
by 1.2 per cent, Myer said in a statement on
Sales for the first half of fiscal 2010, to 23 January, were $1.797 billion. On
a like-for-like basis, sales for the first half grew by 1.2 per cent, Myer said
in a statement on Thursday. Earnings before interest and tax (EBIT) for the
first half are expected to increase by more
AAP Department store giant Myer Holdings Ltd increased its first half sales by
two per cent despite a disappointing Christmas period, and has upgraded its
first half earnings guidance. Sales for the first half of fiscal 2010, to 23
January, were $1.797 billion. On a like-for-like
The Australian economy is very fragile but less so than a year ago, Finance
Minister Lindsay Tanner says. Still, he has rejected opposition suggestions the
government should wind back its unspent stimulus. "The Australian economy is
still very fragile and it still needs a significant
