David Jones, Australia’s second-largest department store chain, has expressed some anxiety about the coming year despite have posted slightly better results for its fourth quarter.

Sales for the quarter ended July 25 rose 0.6% year-on-year to A$512.3 million, while sales for the year were down 5.3%. According to the company, footwear and accessories sales were among the strongest performing segments, offering a glimmer of hope in otherwise difficult circumstances.
 

CEO, Mark McInnes, said: “Whilst the positive turnaround in trading performance in the fourth quarter has been pleasing, there is still some uncertainty in relation to the future outlook.” Profit for the year ending July 2010 is expected to be up 5%.

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