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. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer reported $539.5

Planning 130

Planning Net Profit Department Stores Fulfillment 130

Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

Department Stores 246

Department Stores ATS Net Profit Returns 246

Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

Department Stores 113

Department Stores ATS Net Profit Planning 113

Inside Retail

MARCH 8, 2023

But he believes that the company’s impressive sales growth is set to continue as it emphasises the initiatives that underline its ‘Customer First Plan.’ 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. per cent to almost $1.85

Department Stores 147

Department Stores Net Profit Inventory Management Management 147

Inside Retail

NOVEMBER 10, 2022

I’m [coming in] because I want to listen to the team, and add my value to that plan going forward,” he said. “I per cent, with comparable store sales growth of 15 per cent. per cent, with comparable store sales growth of 15 per cent. We are focused on continuing execution and delivery of the customer-first plan,” she said.

Net Profit 245

Net Profit Planning Management Returns 245

Inside Retail

AUGUST 29, 2021

billion, as store closures during sporadic Covid-19 lockdowns throughout the year forced customers to shop online. Net profit after tax was up more than 40 per cent to $2.4 Total online sales increased by 57 per cent to $3.3 Bunnings reported a 12.5 per cent increase in revenue to $16.87 billion, with earnings increasing 19.7

Net Profit 130

Net Profit Planning Returns Customer Experience 130

Inside Retail

SEPTEMBER 13, 2023

per cent year on year, Myer CEO John King spoke positively about the department store’s strong growth since the pandemic, and its future expansion centred on omnichannel retail. billion, with $71 million in net profit, up 18 per cent year on year. Despite a slow start to FY24, with sales in the first six weeks falling 1.9

Net Profit 130

Net Profit Department Stores Wholesale Consumer 130