David Jones retailing and property by the numbers
Department store group David Jones endured a lacklustre six months of retail trading, reporting 20% drop in interim profits and a 6.7% drop in sales for the six months to January 29, 2012 compared with the same period in 2011.
The retailer occupies prime space in some of Australia’s biggest shopping centres, and its performance will be closely monitored by retail property investors and landlords.
These are the numbers you need to know:
The number of David Jones department stores in Australia
The number of store premises David Jones rents from retail landlords
The number of store premises owned by David Jones – Elizabeth Street (Sydney) and Bourke Street Mall (Melbourne)
The total value of land, building and integral plant facilities owned by David Jones
The total value of sales achieved by David Jones during the first half of the 2012 financial year, compared with $1.08 billion in previous corresponding period.
The number of DJ stores in the development pipeline. Of these two are under construction: Highpoint (Melbourne), which is scheduled to open in the first quarter of 2013, and Indooroopilly (Brisbane), which is scheduled to open in the first quarter of 2014. There are four where DJs has signed “agreements to lease”: Macquarie (NSW), Whitford (WA), Pacific Fair (south-east Queensland) and Sunshine Plaza (south-east Queensland)
The forecasted annual sales revenue for David Jones Indooroopilly in its first year of operation in 2014
The gross lettable area of David Jones stores in the development pipeline, the biggest being Pacific Square at 14,500 square metres
DJ’s lease and occupancy expenses for the six months to January 29 2012
The increase in DJ’s lease and occupancy expenses for the six months to January 29, 2012 compared with the previous corresponding period
The number of David Jones department stores in NSW. These are Elizabeth Street, Sydney; Chatswood Chase; Newcastle; Market Street, Sydney; Hornsby, Parramatta, Bondi Junction, Kotara, Tuggerah, Burwood, Macarthur Square, Warringah Mall, Castle Towers, Miranda, Wollongong
The number of DJ department stores in Queensland. These are Queens Plaza; Garden City (QLD); Carindale; Robina Town Centre; Toowong Village and Chermside
The number of David Jones department stores in Melbourne. These are Bourke Street Mall; Doncaster; Southland; Chadstone and Glen Waverley
The number of David Jones department stores in Western Australia. These are Hay Street Mall; Garden City (WA); Karrinyup and Claremont Quarter
The number of David Jones department stores in South Australia. These are Adelaide Central Plaza; Marion and West Lakes
The number of David Jones department stores in South Australia. These are Canberra Centre and Woden
The number of DJ “rack” discounted clearance stores. These are David Jones Warehouse - Birkenhead Point (Sydney) and David Jones Warehouse Harbour Town (Gold Coast)
*David Jones says it has 36 department stores but only lists 35 on its store locator website. Property Observer is awaiting clarification from David Jones.
Photograph courtesy of Flickr.