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ıNarasikita23 September 2026 · 2 jam lalu

Why some of Australia's most iconic stores are in trouble - The Business

Myer has recorded its second worst annual results in almost 126 years. Attempts to lure shoppers with discounts were not enough to offset the pullback in consumer spending. Myer dived to a loss of $276.5 million for the year to July 25, pulled down by impairments and other one-off costs of $319 million including writing down the value of some stores and brands. But it's not all bad news according to Retail Doctor boss Brian Walker, with Myer's biggest shareholder, fashion heavyweight Solomon Lew, set to join the board. Executive chair Olivia Wirth told shareholders that brands like Topsho

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