Myer Posts “Disappointing” $486 Million Full Year Loss
UPDATE– Shares in Myer have dived nearly 10% in morning trade to a two-month low of 39 cents, following its worst earnings... Read More
Ex Myer CEO Defends Former Profit Guidance
Former Myer CEO, Bernie Brooks, has today informed the Federal Court, Board support was received prior to announcing 2015 profit outlook. According... Read More
JB Hi-Fi Revenue Up, Margins Squeezed
Despite a tough retail climate and the growth of Amazon Australia, JB Hi-Fi has post a stellar 12.3% lift in full-year group... Read More
Retail Sales Beat Forecasts For Third Straight Month
Australian retail sales have jumped 0.4% in June [seasonally adjusted], beating analysts expectations [0.3%] for the third consecutive month. Following results, the Australian... Read More
Myer Cuts Jobs, Cancels Annual Supplier Ball
New Myer CEO, John King, has reportedly ruffled a few suppliers’ feathers, following reports he’s cancelled the annual Supplier of the Year... Read More
David Jones & Disney To Open Flagship Kids Store
David Jones has capitalised on the demise of Toys R Us, following a deal with Disney to build a mini theme park... Read More
Loewe Now Being Stocked At David Jones
Aussie retailer David Jones is now stocking the entire range of Loewe TVs in all of its stores across the country. The... Read More
EXCLUSIVE: Myer & David Jones Placed On Credit Watch
One of the worlds’ leading trade indemnity groups has placed a credit watch on David Jones and Myer. In a recent report... Read More
Oaktree Eyes Myer For Bargain Buy
UPDATED – Los Angeles-based, Oaktree Capital Management, is reportedly interested in buying Myer, as it looks to snare a bargain should the department store giant enter... Read More
David Jones In Talks To Buy Myer, Shares Soar 8%
UPDATE – Following the news David Jones is considering buying Myer, shares in Myer have soared 8.7% by midday today. Recent reports... Read More