David Jones Looks For New Head Of Online After Profit Plunge
David Jones who has struggled to be an online player in Australia, is looking for a new head of online operations in an effort to take on Amazon and several major players who have stripped share away from the department store group who recently reported a 50% plunge in profits.
The new person will be expected to drive sales across the DJ’s online platform through the creation and implementation of a rigorous online strategy a recent advertisement for the position said.
David Jones’ profit plunged 50 per cent in 2018, now it’s South African parent, Woolworths Holdings is looking to be a player online.
After a 29 per cent fall in operating profit to $84 million in the December half, David Jones’ profit fell 49.6 per cent to $64 million in the 12 months ending June as rising costs exacerbated weaker sales.
Department store earnings dropped 58 per cent to $45 million, while financial services earnings were flat at $19 million.
The Company claims that the new head of online will be a proven e-commerce professional who has worked in a transformational role, delivering digital growth for a consumer led business.
ChannelNews understands that head hunters acting for David Jones have approached the current head of online of a leading consumer electronics retailer.