Myer Holdings news and archive

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...

People

Myer appoints John King as its new CEO and Managing Director

Myer Holdings Limited has appointed John King as Chief Executive Officer and Managing Director. Commenting on King’s appointment, Myer Executive Chairman, Garry Hounsell said in a statement: “John brings over thirty years of highly relevant retail experience across department stores, specialty retailing, premium global brands, wholesale apparel...

Business

Myer Holdings shares down 6.6 percent on Topshop Australia’s administration news

The Australian upscale department store operator saw its shares fall as much as 6.6 percent Wednesday. On the back of the news of the company’s participated Topshop Australia is entering voluntary administration, the stock closed at 0.855 Australian dollars per share, its lowest since September, 25th 2015. The company announced Wednesday that...