Myer Holdings news and archive

Australian retailer Myer forecasts challenging outlook

Australian department store Myer reported lower earnings for the first half period due to logistical issues at its Victorian distribution centre and strategic review costs, forecasting a challenging outlook amid weak economic conditions. The company recorded a marginal sales increase of 0.1 percent to 1.83 billion Australian dollars for the...

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Myer announces key leadership appointments following Apparel Brands merger

Following its merger with Apparel Brands, Australian department store chain Myer has announced key leadership appointments. Kathy Karabatsas will assume the role of group chief financial officer on March 14, 2025, succeeding Matt Jackman, who departs after eight years to explore new ventures. Karabatsas brings extensive experience from senior...

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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...

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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...

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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...