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Myer sales to rise

 

MyerDepartment store Myer says it is well positioned for the Christmas trading period, despite a flat first quarter sales result.

Myer lifted total sales 0.1 per cent to $691.6 million for the 13 weeks to October 25, compared to a year ago.

Comparable sales, which exclude the impact of store openings, refurbishments and the like, were up 0.7 per cent.

Myer CEO, Bernie Brookes, said the department store group’s sales were gaining momentum following a number of recent shop refurbishments and was ready to take advantage of the busy Christmas period.

“We believe the business is well-positioned to make the most of the busiest time of the year during Christmas and the stocktake sale,” he said.

Myer has recently reopened stores at Indooroopilly, in Brisbane; and in Adelaide and Sydney’s Macquarie Centre following recent renovations. It also has opened a new store at Mount Gravatt, also in Brisbane.

AAP

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