The local share market has opened slightly higher following mixed results on Wall Street, Myer has posted its best annual sales result since 2005, and the jobless rate remained steady in August at 3.7 per cent. Follow live.
Department store Myer has reported a full-year statutory net profit after taxThe result comes despite a tougher second half of the financial year, as cost of living impacted consumer demand.Myer's chief executive John King said it's the retailer's"Our multi-channel offer is a key strength of these results as we capitalised on customers returning to stores after closures in the prior year, underpinned by our leading customer loyalty proposition in MYER one.
Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23."Online sales have grown 163% since pre-COVID times., taking the total financial year dividend to 9 cents per share.
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