David Jones has no plans to cut staff

Retail chain David Jones says it has no plans to cut any sales staff despite the current economic climate and the tough retail conditions ahead.

While the retailer posted a 2.4 per cent rise in first half net profit to $91.16 million, it has forecast net profit growth before one-off items of between zero and five per cent for both its second half and full fiscal year.

A 10 per cent decline in second half like-for-like sales has been budgeted by the retailer.

Earlier this year, the company cut 150 jobs at its head office and support.