Myer Rules Out Voluntary Administration
Heralded Australia’s largest department store, Myer, has ruled out a voluntary administration, following struggling sales, and its recent $476 million half-year loss... Read More
Myer Posts $476M Record Loss, Biggest In Company History
Following a recent CEO departure and several profit downgrades, Myer has posted a record $476.22 million half-year loss – it’s biggest in over... Read More
Myer Facing Uncertain Future, Multi Million Dollar Court Case Looms
Myer is facing an uncertain future as they face having to make a decision in a multimillion dollar class action, at the... Read More
Myer Officially Dumped From ASX200
Following struggling sales, several profit downgrades and a recent CEO exit, Myer has today been dumped from the ASX200 benchmark index. The department store’s demotion from Australia’s index... Read More
David Jones Say “No” To Taking Over Myer
As Premier Investments ramp up their attack on Myer, David Jones executives, who have their own problems have come out and said... Read More
Former Dick Smith Boss Nick Aboud Wants A Crack At Running Myer
Nick Aboud The former boss of collapsed retailer Dick Smith, whi is now believed to be running a coffee shop in Mosman,... Read More
Lew Calls New Myer Executive Chairman “Discredited”
Following the [forced] departure of Myer CEO Richard Umbers last week, major shareholder Solomon Lew has released a letter describing new Executive... Read More
Man Who Cut Disasterous Dick Smith Store Deal Now Wants Top Job At Myer
The man who cut a disastrous deal with Dick Smith is now in the running to take the top job at Myer... Read More
BREAKING NEWS: Umbers Exits As Myer CEO, Rumours Of Sacking
Following personal attacks from disgruntled shareholders, and the release of several profit downgrades, Myer CEO Richard Umbers has stepped down – with some reports... Read More
Myer Stocks Crash After Poor Stocktake Sale Results
Myer stocks have hit an all time low at 58 cents this morning after it released its first half results announcing poor... Read More