Hard sell for retail giant as consumers tighten belts
Households are clamping down on spending even more as financial uncertainty deepens, hitting sales at a leading Australian retailer.
department store
Myer’s brand new plan as in-house labels collar profit
Department store Myer is reviewing its operations as tough retail conditions and underperforming in-house brands are blamed for profit dipping 26 per cent.
Shoppers spending big at Myer despite inflation
Department store group Myer has announced a half-yearly 24 per cent jump in sales, despite rising inflation and interest rates constraining household budgets.