David Jones poised for further growth: CEO

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.