Myer will close two more stores, in Wollongong and Orange in NSW, over the next seven months as the department store chain seeks to revive its financial health.The Wollongong store will close in [...]
It’s a measure of how moribund Myer’s growth has been for the past 10 years that a third-quarter result showing a 3.4 per cent improvement in comparable-store sales has caused ripples [...]
Myer chief executive Richard Umbers claims the department stores’ brand make-over and focus on customer service is already reaping rewards, driving average sales growth of 5.6 per cent in a [...]
The Australian sharemarket may be struggling to mount a festive season rally, but retail stocks are enjoying an early Christmas of their own. The spotlight has been on retailers following Myer [...]
Retailers are hoping to hold back pre-Christmas price cutting this year to take advantage of rising sentiment.But it might be one Christmas wish Santa Claus can’t grant, as market watchers [...]
