Published: September 04, 2019
Company declares profit after tax of $24.5m but says between 5% and 10% of its total floor area is under review
Myer says it will continue to cut floors and stores from its network amid falling sales at the retail empire.
Sales at Myer fell 3.5% over the past year to less than $3bn, amid what has been described as a retail recession driven by stagnant wages growth and high levels of household debt.
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