• Most Popular
  • Most Shared

Australia's Just Group says H2 margins are up

Sun Jun 1, 2008 10:50pm EDT

MELBOURNE, June 2 (Reuters) - Australian clothing retailer Just Group JST.AX, fending off a hostile A$836 million ($800 million) bid by billionaire investor Solomon Lew, said its gross margins have improved in the 17 weeks of the second half.

Chief Executive Jason Murray also told reporters that the current level of discounting in Just stores was normal and in line with last year, despite a softer economic environment. ($1=1.046 Australian Dollar) (Reporting by Victoria Thieberger; )



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets