Myer Holdings

Myer Holdings (MYR)

Stock Code

MYR

Stock Exchange

ax

Myer Holdings (MYR) is the largest non-discount department store chain in Australia. At the end of FY09, MYR operated 65 stores across Australia, distributed more or less in line with Australia's population. MYR was listed on ASX on 2 November, 2009. The company offers more than 600,000 product lines across its 11 product categories, which include clothing, youth fashion, intimate apparel, fragrances and cosmetics, homewares, electrical goods, toys and general merchandise. The company plans to expand its store network from 65 to 80 over the next five years.

Myer Sees Growth in Online Sales


Australian department store chain, Myer Holdings (MYR), in an interview with its Chief Executive Officer (CEO) Bernie Brookes in the ACB Inside Business program has said that while online retail only accounts for less than 1 percent of its sales, he expects online sales to grow to 10 percent within five years.

  • Myer plans to close "non-performing" or "marginal" stores before they become unprofitable.

Myer Shares Hit a Record Low


This isn't the season that retailers were waiting for as the shares of major retailer Myer Holdings (MYR) fall further after Christmas. The share price of the retailer shed 1.8 per cent to $1.95 yesterday, falling to $1.93 at 1225 AEDT today.

Myer Shares Fall on Profit Warning


Australian department store, Myer (ASX:MYR) have downgraded their full year profit forecast to be five per cent lower than a year earlier, after posting a fall in sales for the first half. The total sales for Myer for the six months ending on 29 January 2011 was $1,733 million, down 3.54 percent compared to the previous corresponding period.

Retailers to Launch Websites in China to Save on GST: HVN MYR


Australian retailers, Harvey Norman (ASX:HVN) and Myer (ASX:MYR) have plans to launch China based websites to save on GST.

Myer Profit May Rise


Australia's largest department store chain, Myer (ASX:MYR) has released a statement stating that annual profit for the company may rise as much as 10 percent from store refurbishments and new outlets. The company estimates that earnings before items will rise between 5 percent and 10 percent in the 12 months ending June 2011 from the fiscal 2010 profit of A$169 million ($158 million).

Myer Dividends

26 August, 2010 - 08:40

Study the historical dividends for Myer Holdings. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive MYR dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the MYR dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

Myer Sales Warning


Myer (MYR) has warned that sales for Australia's largest department store chain maybe flat as consumers no longer have the free government bonus handout cash to spend. The company had beaten forecasts and reported a 38 percent rise in their first half underlying profit due mainly to cost cutting and through selling higher margin private label products.

Syndicate content

Recommended Websites