David Jones (ASX:DJS) is poised for growth in FY10, and well-positioned to take advantage of any economic upturn, according to company CEO David McInnes.
“We have laid [a] solid foundation for future growth, we have a large and growing target customer base [and] a distinctive competitive positioning,” he told investors at the company’s AGM today.
McInnes said the company has a strong track record of benefiting from economic upswings. David Jones generated a 25% increase in profit during last year’s up-cycle, which pushed sales up 5.8%.
David Jones has “never been better prepared for the all-important Christmas trading period,” he added.
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