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Myer once again has launched a technology-fuelled Christmas campaign, with this year’s campaign including a bluetooth-enabled stocking and online hub where Aussie kids can write a letter to Santa, create a wish list (which parents can share with friends and…
Myer on Friday opened the doors to a refurbished homewares and electronics department in its Sydney CBD store. The new floor contains 20 shop-in-shop concepts from leading brands, including Scanpan, Le Creuset, Delonghi, Breville, Riedel, Fissler, Salt &…
Myer saw a “modest improvement” in its first full year under CEO and managing director John King’s turnaround plan, despite challenging trading conditions in the second half which tempered some of the department store’s first-half gains. Most of the…
Department store Myer will be implementing buy now, pay later service Afterpay in-store in 2020, in an effort to incentivise the 2.7 million active Afterpay customers to visit its retail locations. “Our customers have responded positively to the Afterpay…
Myer has announced it will keep its Westfield Belconnen, ACT store open, after stating in 2017 that it would close this year, due to a new lease agreement with Scentre Group. The agreement will see the stores’ scope narrowed, dropping from 3 floors to 2, over…
Myer has cut a further 50 positions from its store management and store support team, including group general manager of marketing Andrew Egan. The cuts are the second round of large scale lay-offs for the department store in the last eight months, with over…
Myer’s move to reduce discounting and cut operating costs, while focusing on online sales and exclusive brands, had a positive impact on earnings in the first half of FY19, driving a 3.1 per cent increase in NPAT and 99bps improvement in gross margin. But…
Myer CEO John King’s turnaround plan passed its first real test on Wednesday when the retailer reported a 3.1 per cent year-on-year increase in net profit after tax in the first half of FY19 to $41.3 million. While total sales fell 2.8 per cent to $1.67…
Myer has warned that its fourth quarter profits may be impacted by lower sales on its winter ranges following an unusually warm start to the cold season. The struggling department store said on Wednesday that its third quarter sales declined by 2.7 per cent…
In 2009, when former Myer CEO Bernie Brookes listed the department store on the Australian stock exchange, Myer was ranked as one of the top 10 most reputable companies in Australia. Today, of the 60 companies ranked on the Australian Corporate Reputation…
Myer’s share price has shot up 8.7 per cent in early Friday trading as reports swirl that rival David Jones is considering acquiring the department store. Reports this morning in The Australian cite the confidence of market sources that DJs parent Woolworths…
Administrators for rescued retail chains Marcs and David Lawrence have paid out all employees affected by the company’s transition to new ownership. Deed administrator Rodgers Reidy said M. Webster Holdings, which formerly traded as Marcs and David Lawrence,…
Myer is committed to dedicated clearance floors in its department stores despite major shareholder Solomon Lew fuming that the old stock would be more at home in a Salvation Army op shop. Myer executive Tony Sutton told investors at Wednesday’s strategy day…
Department store retailer Myer has responded to the broadside delivered by veteran and chairman of Premier Investments yesterday, asserting its “disappointment”. Yesterday, Premier released a statement which ruled out making a takeover offer for Myer and…
Myer has become the first Aussie retailer to launch Android Pay and Apple Pay on a Visa card, in a move that the department store retailer says accelerates its commitment towards digital. Launching this month, the card is issued by Macquarie Bank and supplied…
Solomon Lew’s retail group Premier Investments has asked for Myer’s list of shareholders in a sign it may push for a seat on the board of the struggling department store. The company said it has made the request in order to consider writing to Myer’s members…
