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. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now