Why is Myer back in focus after a heavy statutory loss and an uneven start to the new year?
Highlights Myer Holdings has reported a statutory loss driven largely by non-cash impairment charges on goodwill, brand intangibles and store assets. Record group sales were supported by the acquired apparel brands, while margins came under pressure from heavier promotional activity. Early trading in the new financial year has been described as uneven, and no final dividend was declared. Myer Holdings (ASX:MYR) has handed the market a sobering snapshot of Australian department store trading. ...

