Myer postpones mid-year clearance amid warm weather and low consumer confidence

 In Australia, Myer
Myer  has responded to a drop in consumer spending by postponing its annual mid-year clearance while unveiling a one-day stock-take sale this week to entice shoppers into stores.

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Australia’s largest department store chain is offering discounts as deep as 60 per cent on womens apparel, 50 per cent off menswear and 40 per cent off manchester at the one-day ‘stocktacular" sale in-store and online on Wednesday.

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Myer plans to hold a series of ‘countdown’ sales in the lead up to the mid-year clearance, which kicks off on Wednesday June 18 and runs until July 27, or until stocks last. Sydney Morning Herald – Read more…

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