News Articles for Myer

Myer has saved troubled luxury clothing labels Marcs and David Lawrence from extinction two months after the Australian brands hit financial strife.

You don't have to be a retailing expert to sense the sea change under way in shopping, but what you might not appreciate is that the first shots have been fired in what could become one of the great Australian retail mergers, with Myer and David Jones becoming one business.

Myer says it has received no approach from prospective buyers following the huge buy-up that sent the department store operator's shares surging by almost 20 per cent yesterday afternoon.

Shares in Myer rose nearly 20 per cent during late trading on the Australian share market today on speculation that someone may be considering a takeover play for the department store operator.

South African retailer Woolworths Holdings, the owner of David Jones and Country Road, is set to add Politix, another Australian brand, to its mix.

Department store chain Myer has shown signs its turnaround plan is working after it more than doubled its full-year profit to $60.5 million.

SPECIAL REPORT: Slower growth in discretionary spending is a challenge for some local fashion hopefuls, but export markets and tech-style accelerator programs are presenting opportunities.

The Australian share market has continued on its downward path, with banks and retail-focused shares weighing despite a bounce in the energy sector.

Myer has reaffirmed its full-year guidance despite subdued sales due to the warm start to winter.

Department store chain Myer has tightened its full-year profit forecast on the back of strong sales growth.

The traditionally dominant players in Australian retail are being forced to reinvent themselves in the face of increased competition – from each other, and a host of international raiders.

Probuild's redevelopment at Cloisters on Hay has been named the state's best construction project for 2015, ahead of 68 other entries at the Master Builders-Bankwest annual awards.

The sharks are circling Woolworths, but the size of the business would require suitors to make a significant investment – in cash and time.

Work will start on a game-changing redevelopment of Forrest Chase in coming months, with fund manager ISPT expected to receive planning approval for a major revamp of the CBD mall later this week.

UPDATE: Aldi says it's first Western Australian store is set to open in mid-2016, at the state's largest shopping centre, the Lend Lease-owned Lakeside Joon

Retail property players say international fashion brands are only the beginning of the global onslaught.

Perth company CVCheck is meeting increasing demand for its services as employers seek to apply greater levels of scrutiny to the details provided by job applicants.

Independent bookshops are responding to changes in demand through fewer, but better stores and smarter selling strategies.

You don't have to be in retail to know that times are tough for shopkeepers, their staff and their landlords, but what you might not know is that conditions are probably going to get worse before they get better.

Department store group Myer has completed its public share offer at a price of $4.10 per share, towards the bottom end of its indicative pricing range of $3.90 to $4.90 per share.

Big retailers, big miners and big contractors sit at the top of WA Business News' second annual survey to find the state's largest employers.

The whispers are growing louder – are some of the world's most iconic fashion brands coming to Perth? Marsha Jacobs knows where to find the answers.

THE sale of struggling nation-wide department store Myer is expected to go ahead soon as Coles Myer revealed last week that it had received preliminary approaches from more than 10 buyers.