ASX Shares to Sell David Jones (DJS)

ASX Shares to Sell

David Jones (DJS) is a chain of premium department stores, and is currently one of the best known Australian shares.

In company news, DJS CEO, Mark McInnes, has resigned effective immediately following allegations of misconduct towards a female employee.

McInnes was DJS’ CEO for the past seven years and was widely credited with helping bolster the group’s earnings through aggressive cost-cutting initiatives.

The new CEO, Paul Zahra, has reaffirmed net profit growth of 5% – 10% over 2H10 and advised that clearance sales in the first two weeks have been “pleasing”.

Australian share price for DJS shares finished the day 0.4% lower last Frida