David Jones has just posted a 10% sales improvement in Q3, with stable to improving margins.
In contrast to Coles Myer, DJS' is improving its outlook particularly in women's and men's apparel, as well as in footwear, cosmetics and in women's shoes.
DJS has also announced changes to its Shareholder Discount Card, with the card being retained, but with discounts being reduced from the current 5 - 10% range, down to 3 - 7.5%. These changes will take place from 1 August 2002.
Dividend outlook has also been reduced from 4c to 3c as DJS moves to implement a new capital management prosgramme.
DJS has also presented this morning to institutional investors on the Q3 outcomes, and outlook for the remainder of 2002.
DJS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
