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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

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

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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

The three will report to Heidi O’Neill, president, consumer, product and brand at Nike. In addition, Dr Muge Erdirik Dogan will join Nike as chief technology officer, effective November 27, to boost the quality of consumer experiences with products, platforms, and services. billion in revenue last year with a net profit of US$216.6