News: Soft sales weigh on DJs

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Department store retailer David Jones (ASX:DJS) has reported another disappointing profit result amid challenging trading conditions.



Interim profit slumped 14 per cent to $73.5 million.



CEO Paul Zahra said the weak result followed fewer sales, soft consumer spending and the ramp up of its business transformation plan..



David Jones recorded sales of just over 1 billion dollars, down less than 1 per cent, in the six months to January 26.



Investors will receive an interim dividend of 10 cents.