Nigel Chadwick News Today

Myer’s new chairman, Ari Mervis, and the one-time David Jones boss were in advanced talks, but unable to agree to terms.

The retail behemoth survived COVID-19 and bounced back to profit. As senior executives prepare to leave, the 123-year-old retailer faces its next challenge.

The retail behemoth survived COVID-19 and bounced back to profit. As senior executives prepare to leave, the 123-year-old retailer faces its next challenge.

The retail behemoth survived COVID-19 and bounced back to profit. As senior executives prepare to leave, the 123-year-old retailer faces its next challenge.

The retail behemoth survived COVID-19 and bounced back to profit. As senior executives prepare to leave, the 123-year-old retailer faces its next challenge.

There is not a lot of fight left in the department store’s board of directors, and billionaire Solomon Lew knows it. The decision about who runs the company is his for the taking.

The department store’s sales are down 1.9 per cent in the first six weeks of the new financial year, but younger shoppers could offset the slowdown.

Myer has total sales of $3.37 billion in 2022/23, its most since 2005, but sales are down so far in the new fiscal year as consumers tighten their belts.

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Bumper sales have driven the retailer to its best start to a new financial year since 2006.