Sales at upmarket department store David Jones inched higher by 2.3 per cent over the last six weeks of the key Christmas trading period, underpinned by a strong Black Friday and shoppers returning to physical stores.
The chain’s soon-to-be-former owners, South Africa’s Woolworths Holdings Ltd, said in a late announcement on Thursday that sales, including concessions, jumped more than 31 per cent in the 26 weeks ended December 25 at David Jones, with its CBD locations bouncing back to life. Same-store sales gained 27.6 per cent in the half.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
