News Leader
WATCH: How Woolworths plans to save David Jones
Woolworths CEO Ian Moir joined Business Day to talk about the group’s full-year results
30 August 2019 - 09:17
David Jones has dragged Woolworths into another loss. This as the retailer had to cut the valuation of the Australian department store yet again.
Meanwhile, sales in the company’s local business picked up with the struggling fashion business returning to sales growth. The group expects the clothing business to continue its turnaround but for now, the group’s loss after tax sits at R1.1bn. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.