myer holding news and archive

Myer to acquire Premier’s Apparel Brands business

Australian retailer Myer is all set to acquire Premier’s Apparel Brands business in Australia and New Zealand consisting of Just Jeans, Jay Jays, Portmans, Dotti and Jacqui E in exchange for the issue of new shares in the company. As part of the agreement, Premier will distribute its existing and new shareholding in Myer to shareholders and...

Business

Challenging trading conditions and store closures hit Myer's profit

Myer Holdings Limited expects FY24 sales to be 3,266 million Australian dollars, down 2.9 percent, reflecting the impact of Myer Brisbane City and Frankston store closures. The company expects NPAT of between 50 million Australian dollars and 54 million Australian dollars reflecting the challenging consumer and trading environment; impact of...

Business

Myer proposes strategic merger with Premier’s apparel business

Myer Holdings has approached Premier to explore a potential combination with its Apparel Brands business to create one of the leading retail and apparel companies across Australia and New Zealand. Apparel Brands is a leading clothing business with a portfolio comprising the Just Jeans, Jay Jays, Portmans, Jacqui E, and Dotti brands. It has a...

People

Robert Perry joins Myer board as non executive director

Myer Holdings Limited has announced that Robert (Rob) Perry will join the board as a non executive director, effective immediately. Perry, the company said, has extensive experience and expertise in audit, internal audit and risk management from a 36-year career with professional services firm EY, with a major focus on the retail and consumer...

Business

Ari Mervis to replace Joanne Stephenson as new Myer chairman

After seven years on the board of Myer Holdings Limited, Joanne Stephenson has decided to retire as chairman and as a director of at the upcoming 2023 annual general meeting (AGM). The company’s board has unanimously appointed current Myer non-executive director, Ari Mervis as the new chairman, with effect from the conclusion of the AGM....

Business

Myer reports 3.1 percent drop in Q3 comparable sales

Myer Holdings Limited recorded total sales of 635.3 million Australian dollars (475.2 million dollars), for the 13 weeks to April 28, 2018, down 2.7 percent and down 3.1 percent on a comparable store basis. Online sales of 35.9 million Australian dollars (26.8 million dollars), were up 49.4 percent. Total year to date sales of 2,355 million...