3 May 1999
DAVID JONES LIMITED
THIRD QUARTER SALES
David Jones Limited today announced Sales from the continuing business for the
13 weeks ended 24th April 1999 of $283.7 million, an increase of 4.2% on the same period
last year. Sales on a comparable store basis were $281.0 million compared with
$272.2 million in the previous year, an increase of 3.2%.
“We are pleased with the increase in quality sales achieved during the quarter, particularly
through branded Womens Apparel which was the best performing category of
merchandise,” said Peter Wilkinson, the Chief Executive of David Jones.
The other categories of merchandise that performed well were Cosmetics, Electrical and
Childrenswear.
The new store at Carindale opened during the quarter on 11 th March 1999 and the initial
reaction from customers has been very positive.
Sales are summarised as follows:
David Jones Continuing Business
First Quarter
Second Quarter
Third Quarter
Closed Stores
This Year
Comparable
Stores
$M
This Year
Continuing
Business
$M
Last Year
Variance
$M
%
285.2
426.6
281.0
992.8
992.8
285.2
426.6
283.7
995.5
995.5
272.2
424.2
272.2
968.6
69.9
1038.5
+4.7
+0.6
+4.2
+2.8
“Our range of new and expanded brands has been a significant contributor to the sales
performance during the third quarter,” Mr Wilkinson said. “During the quarter 74 new
brands have been introduced by our new Buying team, including Polo for Boys, Fuch’s &
Schmitt, Veronica Maine, Burberry, Crème de la Mer and Fendi.
“We are also pleased by the standard of customer service achieved during the quarter and
the level of positive feedback received from customers,” he said.
For further information please call:
Peter Wilkinson
(02) 9266 5730
Robert Wright
(02) 9266 5729
David Jones Limited
A.C.N. 000 074 573
86-108 Castlereagh Street Sydney NSW 2001 Australia Telephone 02 9266 5544
53355029299
Kate Kerrison
(02) 9552 4499