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Myer will stock Amazon Kindle products in its store and online, after the retailers today announced a new partnership. Amazon’s heavily-speculatedventure into Australia, alongside a host of other international brands now entering the market, have been posed…
Millers, Katies and Rivers owner Specialty Fashion has almost quadrupled its full-year loss to $8.39 million, from last year’s $2.19 million, amid subdued consumer spending. Revenue fell 2.1 per cent to $808.9 million for the 12 months to June 30 with…
At the time of writing, the company still lists the concessions on its website, but local reports said that there is little sign the brand had ever been there inside the 17 Myer stores that carried the women’s and men’s brands. The news comes just a few days…
Australia’s retail sales saw a surprise uptick in April, on the back of a revenue rebound across department stores, including David Jones and Myer, and strong sales in cafes and restaurants. According to the data released by the Australian Bureau of…
Australian department stores giant Myer has signed growing local fashion label We Are Kindred to its roster. The three-year-old label has been signed up for an initial one-year deal with the retailer saying that two seasons are the minimum time it needs to…
Australian retail giant Myer could close seven stores to help reignite sales growth, analysts say. The department store chain has a number of underperforming stores that could be closed to simplify the business and improve its financial performance, Citigroup…
Myer shareholders are bracing for a sharp fall in earnings and big asset write-downs and provisions over the next few years as the new management team embarks on a multi-year transformation plan to reshape the 115-year-old department store chain. Analysts and…
