Retail in Asia

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David Jones 2Q13 sales down 1.4pc

David Jones,Australia’s second largest department store chain, said on Thursday sales in the second quarter of the 2013 (2Q13) financial year fell 1.4 percent to AUD590.1 million compared with the same period last year. On a like-for-like basis, which excludes store openings and closures, total sales were also down 1.4 percent.

Total sales for the first half of 2013 (1H13) dropped 0.7 percent to AUD1.01 billion (USD1.05b).

High margin Fashion & Beauty categories, such as Womenswear, Beauty, Menswear, Accessories and Shoes, delivered sales growth in 2Q13 and 1H13, according to CEO and Managing Director Paul Zahra.

"Our sales performance during this period was however adversely impacted by our Home categories, in particular Electronics, which continued to be challenging and subject to ongoing deflationary pressure," said Zahra.

"Our focus is on improving the profitability of our sales. We are exiting the low performing categories of DVDs, Music and Games. We also continue to reduce the depth and breadth of our promotional discounting events and continue to work on changing our category mix to increase focus on higher margin categories," Zahra added.