Myer wishes everyone an appy Christmas with cautious outlook ahead

 In Australia, Myer, NewZealand
While increased occupancy costs, including rent, utilities, rates, taxes, as well as labour costs continue to largely impact the cost of doing business, Myer is geared up for the short and long term.

Speaking at the Myer annual general meeting, CEO and managing director Bernie Brookes said he’s looking forward to a busy and profitable Christmas.

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“It certainly remains patchy, but we are well positioned for Christmas,” he said.

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“We’ve got the best stock levels we have. We have clean, fresh stock ready for Christmas and if you walk the store of Myer Melbourne you’ll certainly see readiness for what should be a good Christmas and stocktake trade.”

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Brookes also pointed to the company’s “strong competitive advantage” it has invested in as preparation for current and future challenges the business could potentially face.

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He listed investing in growth initiatives such as new store, Myer Exclusive Brands, omni-channel and sass & bide; leveraging previous investments in POS and merchandise systems; improving productivity through staff training; and revitalising store environment with new visual merchandise concepts, as foundations for company’s future growth. Retail Biz – Read more…

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