Retailer credit card due in 2009

DAVID Jones has said it does not expect to launch a general credit card, as part of plans to expand further into financial services, until about fiscal 2009.

David Jones (djs.ASX:Quote,News) chief executive Mark McInnes said the department store had been carrying out research, and would go through a process over the next 12 to 18 months to position itself to issue a general credit card around 2008/09.

"We have researched the international market thoroughly; we've researched the Australian market thoroughly," Mr McInnes said today.

"So we think we're well armed to begin those discussions, but we wouldn't see any launch much before 2008 calendar, 2009 financial year."

Read more at: Retailer credit card due in 2009