Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. Online sales account for 21.3 “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.”

Net Profit 303

Net Profit Department Stores Accounting Promotions 303

Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

Department Stores 130

Department Stores Net Profit Fashion Boutique 130

Inside Retail

MARCH 3, 2024

Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. Myer One currently has about 4.2 million engaged members of its 7.3

Supermarket 130

Supermarket Net Profit Department Stores Checkout 130