Business

Catie Low

Catie Low covers the retail and consumer goods sectors.

Woolworths Holdings paid $2.1 billion to buy the David Jones department store chain in 2014.

David Jones sales sag in first half

In the 26 weeks to December 25, David Jones sales increased by 4 per cent, compared to an 11.2 per cent spike in sales growth in the previous corresponding period.

Chief executive Richard Murray announced a 14.3 per cent increase in the interim dividend to 72¢ per share.

JB Hi-Fi warns of waning Dick Smith dividend

Electronics chain JB Hi-Fi has announced a 23.6 per cent jump in half year sales to $2.6 billion, beating consensus estimates and pushing interim profits almost 16 per cent higher to $110.4 million.