Myer outperforms David Jones
Myer has overtaken David Jones in the performance stakes, winning the battle for the best performing publicly listed department store.
Myer released its quarterly sales update only minutes after its chief rival David Jones, with a whopping 5.2 percent increase in sales for the first quarter of 2009-10 to $717.1 million. This was is in comparison to David Jones’ 4.5 percent sales growth for the first quarter of 2009-10.
However David Jones chief executive Mark McInnes said he was not worried by the results, claiming “on a like-for-like basis they’re pretty similar.”
‘‘They trade in 30 more locations that we do, I don’t think we’re concerned about quarterly sales figures,” he told journalists.
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