Myer’s profit declines amid store closures, underperformance of some brands
Inside Retail
SEPTEMBER 19, 2024
Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million, which accounted for 21.6 million, which accounted for 21.6
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