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.

Woolies in good spot to reset agenda

Woolworths Corp is regrouping after a profit crash of 12.5% to $2.146 billion and the departure of chairman Ralph Waters (formerly managing director of Email Ltd prior to its sale to Electrolux). Although the company is now without a permanent head of either the Supermarket business or Big W, it is possibly in the best position to move forward under fresh leadership.

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