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

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. CBD locations were particularly hard hit, with comparable store sales down 22.3 Statutory net profit after tax rose to $46.4

Planning 130

Planning Net Profit Department Stores Fulfillment 130

Inside Retail

MARCH 8, 2023

They include the refurbishment of its store network, the rollout of its national distribution centre , and the relaunch of Country Road Group in July this year. billion, while net profit after tax grew by 101.4 Customers do research online then go in-store to buy Or they go in-store to have a look, and come back to buy online.

Department Stores 147

Department Stores Net Profit Inventory Management Management 147

Inside Retail

SEPTEMBER 13, 2023

“This growth has been driven by the strength of our multi-channel offering, as customers have returned to stores after [the pandemic], and bolstered by our leading brand and loyalty proposition through Myer One,” King told analysts and investors on Thursday. billion, with $71 million in net profit, up 18 per cent year on year.

Net Profit 130

Net Profit Department Stores Wholesale Consumer 130