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 as sales dipped 2.9 per cent to $3.27

Net Profit 264

Net Profit Department Stores Apparel Accounting 264

Inside Retail

SEPTEMBER 13, 2023

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. . ” Net profit rose 18.2

Net Profit 278

Net Profit Department Stores Returns Store Operations 278

Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

Department Stores 246

Department Stores ATS Net Profit Returns 246

Inside Retail

OCTOBER 31, 2021

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4

Net Profit 130

Net Profit Department Stores Accounting Returns 130

Inside Retail

MARCH 27, 2023

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning.

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer lifted total sales 5.5

Planning 130

Planning Net Profit Department Stores Fulfillment 130

Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

Department Stores 113

Department Stores ATS Net Profit Planning 113