Myer Holdings news and archive

Myer Group FY25: Sales up, profitability impacted

Myer Group, in its first period as a combined entity with Apparel Brands, has reported its financial results for fiscal year 2025. The company achieved a 0.5 percent growth in total sales to 3,673.8 million Australian dollars for the year on a pro forma basis, with a 1.7 percent growth in the second half. Profitability was impacted by soft...

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Jacquie Naylor to retire from Myer board

Australian department store Myer Holdings announced that Jacquie Naylor, an independent non-executive director, will retire from the board on June 23, 2025, after six years of service. Naylor initially joined the board in May 2019. Myer executive chair Olivia Wirth acknowledged Naylor's contributions, stating, "On behalf of the Board, I would...

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Business

Myer reports mixed results: Core sales up, Apparel Brands down

Australian department store chain Myer released a preliminary unaudited trading update for the first 16 weeks of the second half of the 2025 financial year, revealing a mixed performance across its divisions. The core Myer business demonstrated resilience with total sales reaching 837.2 million Australian dollars, a 1.9% increase compared to the...

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Business

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 reports sales and profit growth in H1

For the six months period to January 29, 2023, total sales growth at Myer Holding was 24.2 percent to 1,884.9 million Australian dollars. The company said that the group’s online sales were 382.3 million Australian dollars or 20.3 percent of total sales, a decline of 9.8 percent due to mandated lockdowns in the prior period, but represents a...

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Myer reports 3.1 percent drop in Q3 comparable sales

Myer Holdings Limited recorded total sales of 635.3 million Australian dollars (475.2 million dollars), for the 13 weeks to April 28, 2018, down 2.7 percent and down 3.1 percent on a comparable store basis. Online sales of 35.9 million Australian dollars (26.8 million dollars), were up 49.4 percent. Total year to date sales of 2,355 million...

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Management

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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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...

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