Original article by Eli Greenblat
The Australian – Page: 17 & 27 : 7-Mar-19
Department store group Myer Holdings has posted a 2018-19 interim profit of $38.4m, compared with a writedown-marred loss of $476m for the previous corresponding period. Myer’s underlying profit was up 3.1 per cent at $41.3m, but sales fell by 2.8 per cent to $1.67bn. CEO John King says Myer will continue to sale overseas fashion brands, but it will seek to increase its in-house brands’ share of group sales from 17.5 per cent to 20 per cent.
MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED