David Jones Slumps Most in 14 Years After Cutting Forecasts

David Jones Slumps Most in 14 Years After Cutting Forecasts

Carla Gottgens/Bloomberg

Pedestrians walk past the entrance to the David Jones Ltd. department store in the central business district of Melbourne. David Jones, which targets affluent customers with designer labels, expects an 11 percent drop in fourth-quarter sales amid volatile equity markets and falling property prices.