Shares hold gains after 65,000 jobs added last month, unemployment steady at 3.7pc; Myer posts sales growth, Terry Bowen leaves Coles to join ROKT. Follow updates here.
Myer Holdings met its August full year 2023 guidance for top line sales growth of 12.5 per cent to $3.36 billion while its bottom line was up 18.2 per cent to $71.1 million, but flagged department store comparable sales are down 1.9 per cent in the first six weeks of the new year.
Mr King added that Myer is well positioned to navigate economic uncertainty given its strong loyalty scheme and expanded brand relationships to drive ‘newness’ through key sale periods. He added that rollout of the Country Road Group of brands represents a significant sales opportunity for Myer.
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