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David Jones stores in Australia are being closed by private equity firm Anchorage
Burberry reported comparable store sales up 4% in the three months ending on Sept. 26
David Jones will end its century-long presence at Hay Street Mall by the end of the year.
Burberry is back in profit as U.S. sales helped the luxury brand turn around.
Burberry reported revenue of 1.314 million euros over the last 26 weeks, a 6% increase compared to the same period last year.
Burberry reported second-quarter sales that beat forecasts
Burberry returned to profit as sales soared from £85 per pair of socks to £9,000 per bag.
Burberry reported higher retail sales despite a tough luxury market backdrop.
Burberry's revenue increased from its £48m loss at the same time last year.
Burberry's profit for the six months ended September was £19m.
Burberry shares jumped as the British fashion house returned to profit.
Burberry reported a restated first-half revenue of £62 million, significantly better than analyst consensus expectations of £44 million.
David Jones is closing 19 of its 38 stores as part of the restructure
David Jones is closing 19 stores across New Zealand as part of a major restructure.
David Jones, an Australian retail chain, will close half of its stores
David Jones is closing three of its five stores in Perth, Australia.
Three people died and three others were left in critical condition after a vehicle crashed into a food stand near a bus stop in North Hollywood, Los Angeles.
Three people died and at least three others were critically injured after a vehicle struck pedestrians in North Hollywood.
David Jones is facing closure of half of its stores as administrators seek a rescue bid.
David Jones will close 19 of its 38 stores