Myer records strongest annual sales year since 2005 | Englishheadline


Department store chain Myer has posted annual sales of $3.4 billion, marking the strongest year since 2005.

Sales grew 12.5 per cent during the year, with most of the sales growth coming in the first half.

Net profit lifted 18.2 per cent to $71.1 million.

Myer distributed 9 cents in dividends during the financial year, up from just 5 cents the year prior.

The department store chain said comparable sales growth during the six weeks of the new financial year was down 1.9 per cent – reflecting the decline in consumer spending.

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