Sales at David Jones, now run by South African group Woolworths Holdings, have started to run well ahead of rival Myer.
The department store chain reported a 6.4% rise in sales for the 12 months to June 28, under the management of Woolworths Holdings, which paid $2.2 billion for David Jones in August last year.
Myer reported sales growth of 1.5% in the first half and has downgraded its profit guidance.
The new Myer CEO, Richard Umbers, says the retailer has lost relevance with customers and needs a new strategy.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.