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SBS news with Jessica Amir: Myer and the future of retail

Jessica Amir

March 5, 2020

On Thursday 5 March Myer handed down its results, with sales down 4% to $3 billion and net profit after tax down 27%. Myer shut down the clearance floor concept and is expected to shift its focus to online, as web sales gained 25% in the half year, while store sales fell. So if Myer is ‘your store’ and you’re shopping for a bargain, expect to go online for the hunt.