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How Myer plans to reach $1 billion in online sales

Inside Retail

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. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer lifted total sales 5.5

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Woolworths’ ballooning underpayments muddy a strong half

Inside Retail

This is a view shared by Shop, Distributive and Allied Employees’ Association (SDA) national secretary Gerard Dwyer, who said he was dismayed that another underpayment has been found. million, though due to a higher cost of doing business net profit fell 6.5 Group sales rose 8 per cent on last year to $31.8