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Australia’s 2018 financial year

Myer, Wesfarmers, Specialty Fashion Group, Retail Food Group and Premier Retail were among the retailers that took hits to profits and balance sheet valuations in the 2018 financial year. But while there were some sizeable adjustments to their accounts, with the exception of Myer, the underlying trading performances were not alarming. Specialty Fashion Group managed to offload most of its struggling retail brands to Noni B, Wesfarmers cleared the decks on its failed Bunnings UK venture and