Myer Holdings news and archive

Myer announces key leadership appointments following Apparel Brands merger

Following its merger with Apparel Brands, Australian department store chain Myer has announced key leadership appointments. Kathy Karabatsas will assume the role of group chief financial officer on March 14, 2025, succeeding Matt Jackman, who departs after eight years to explore new ventures. Karabatsas brings extensive experience from senior...

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Challenging trading conditions and store closures hit Myer's profit

Myer Holdings Limited expects FY24 sales to be 3,266 million Australian dollars, down 2.9 percent, reflecting the impact of Myer Brisbane City and Frankston store closures. The company expects NPAT of between 50 million Australian dollars and 54 million Australian dollars reflecting the challenging consumer and trading environment; impact of...

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Business

Myer reports sales and profit growth in H1

For the six months period to January 29, 2023, total sales growth at Myer Holding was 24.2 percent to 1,884.9 million Australian dollars. The company said that the group’s online sales were 382.3 million Australian dollars or 20.3 percent of total sales, a decline of 9.8 percent due to mandated lockdowns in the prior period, but represents a...