We estimate Myer’s online sales are cannibalizing in-store sales ... We expect Amazon to prove similarly disruptive to incumbent retailers in Australia as in the US, seizing meaningful sales ...

The numbers out from Myer and Premier’s apparel brands provide a clear message that consumers did their shopping at the online sales and abandoned ... Reserve Bank of Australia at its next ...

Group online sales rose 2.8 per cent and represented ... and Smiggle stationery brands. The enlarged Myer will have 17,300 staff in Australia and New Zealand and annual sales of more than $4bn.

Two of Australia’s biggest retailers have agreed to a merger as tough retail conditions continue to cut into the sales of both companies. Department store giant Myer’s nearly $900m deal to ...

Group online sales rose 2.8 per cent and ... The enlarged Myer will add 719 stores and take total staff to 17,300 in Australia and New Zealand, and annual sales of more than $4bn.

Myer shares have plummeted by more than a fifth after the retail giant said sales shrank in the second ... know about the retail environment in Australia”, where spending was increasingly ...

expanding its footprint to more than 780 stores across Australia and New Zealand. Retail billionaire Solomon Lew, Premier's top shareholder, will emerge with the biggest chunk in Myer following ...