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David Jones pens new tech deal to power $35m fresh revenue

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Six months after launching its retail media business, upmarket department store David Jones is attracting new advertising customers such as Jaguar Land Rover, Destination Canada and Regent Cruises as it aims to boost revenue by at least $35 million per year.

The 186-year-old department store – which is mid-turnaround and owned by Anchorage Capital Partners – has penned a new partnership with Nasdaq-listed tech platform Criteo to power the online component of its newest division with a goal of diversifying its revenue streams and boosting its profitability.

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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
Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.

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    Original URL: https://www.afr.com/companies/retail/david-jones-pens-new-tech-deal-to-power-35m-fresh-revenue-20240326-p5ff81