News: DJ sales cool on warm winter

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David Jones' Limited (ASX:DJS) sales dipped in fiscal 2013, as consumer sentiment and discounting continued to challenge.

 

In the year to June 30, sales revenue totalled $1.85 billion, down 1.2 per cent from last year.

 

Like-for-like sales revenue also fell to $1.83 billion in the year, from $1.87 billion in 2012. 

 

CEO and managing director Paul Zahra said the retail environment remained challenging through the fourth quarter, especially given the inventory build-up from an unseasonally warm winter.

 

Fourth-quarter sales for the group totalled $449.8 million, down 1.3 per cent on the same period last year.