david jones

david jones

David Jones helped Woolworths post a good set of full year results

1d ago
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The acquisition of David Jones in Australia has helped Woolworths post a good set of full year results. The Group's reported turnover grew by just under 55 percent to 62-billion rand in the past finacial year. With the acquisition of David Jones, Woolworths has fared better than its competitors who are struggling to grow sales due to weak economic factors and the possibility of a local rate hike. Local shareholders initially felt Woolworths was paying too much for the Australian brand. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline