Updated Jul 27, 2026 – 10.32am, first published at 10.15amMyer says it expects sales this financial year to be nearly flat at about $4 billion as pressure on household budgets pushes down consumer sentiment, weighing down beauty and its clothing brands.The department store giant said it had experienced volatile trading over the past six months, with sales surging in May but slumping in June and July as several interest rate hikes and worries about higher costs made shoppers nervous.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Myer warns of ‘volatile’ and ‘challenging’ conditions, flat sales
The department store chain said on Monday that it had put in place more promotions and discounting than expected, but pressure on family budgets was worrying.
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