DJs prepares to squeeze two into one

Woolworths Holdings CEO Ian Moir plans to sell two of the four David Jones stores in Sydney CBD and Melbourne CBD to consolidate the flagship stores into one. This puts a question mark on the future location of the small appliance product range in the current Market Street store in Sydney on level three, which also houses the iconic DJs Food Hall. Woolworths will reportedly begin the sale of the DJs stores in early 2016, which have been tipped to sell for nearly $400 million.

DJs turnaround: strongest sales for eight years

Industry suppliers to David Jones can feel confident about future sell- through as South African retailer Woolworths, reversed a four-year slide in earnings at the department store. Yesterday, the company reported a 28.8% increase in operating profit to $161 million in the 11 months ended June 30.

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