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David Jones Limited (ASX:DJS) has reaffirmed its full year profit will drop between 35 and 40 per cent compared to its full year figures last year.
The department store reported its third quarter figures today with total sales down 2.9 per cent from the same time last year.
Like-for-like sales was also down 3.1 per cent from the previous corresponding period.
The retailer is preparing for the end of financial year sales and chief executive, Paul Zahra says, June and July are the major contributors to sales in the fourth quarter.
Rival Myer reported a 2.1 per cent drop in its third quarter like-for like sales and forecasts a 15 per cent decline in its full year profit.
David Jones reported a net profit of $85 million for its first half figures this year.
