David Jones is a mature company with a strong balance sheet supported by an attractive property portfolio
David Jones is a mature company with a strong balance sheet supported by an attractive property portfolio. However in the context of increased competition and a subdued retail environment, we do not expect a recovery in profitability to previous levels. Myer's merger proposal highlights the challenging outlook for Australian department stores, particularly given the impending arrival of Marks & Spencers. Read more: (VIEW LINK)
The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.