Myer reports sales fall, with worse to come

By Lorna Brett · 16 September 2011 · News

Myer reports sales fall, with worse to come

Myer's Sales Slump: What's Next?

Myer's sales have taken a hit, but that's not the worst of it. Will the retailer's profits follow suit?

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Summary

Sales at Myer fell 3.8 percent in the year to 30 July, with CEO Bernie Brooks warning that if trading conditions don’t improve sales will continue to be flat and profit could fall by 10 percent in FY2012.