Myer Holdings Limited (AU:MYR) has released an update.
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Myer Holdings Limited faces challenging market conditions with a decrease in total sales due to inflation and store closures, though online sales have surpassed 20% of total sales. Despite a drop in net profit, partly due to underperforming specialty brands, the company has declared dividends of 3.5 cents per share. The company remains focused on improving customer service and preparing for the crucial Christmas trading period.
For further insights into AU:MYR stock, check out TipRanks’ Stock Analysis page.