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David Jones suffers lacklustre sales in not so merry run-up to Christmas

Jan 18, 2019 - Australian Financial Review

Department store chain David Jones is the latest retailer to reveal that sales tanked in the run-up to Christmas as consumers, rattled by falling house prices and struggling with higher living costs, stayed away from shopping centres or shopped online.

David Jones' same-stores sales growth slowed to 0.9 per cent in the 26 weeks ending December 23 after rising 2.4 per cent in the 20 weeks ended November 11, even though it discounted heavily to lure customers.

This followed a 3.3 per c...