Myer lifts total sales

Company News

Myer Holdings Limited (ASX:MYR) has announced a 2.1 percent lift in total sales to $675.5 million for the 13 weeks to 23 April 2016.
 
The retailer posted a 1.9 percent rise in total sales to $2.47 billion, up 3.3 percent on a comparable store basis.
 
Myer also announced Daniel Bracken as Chief Merchandise and Customer Officer, and Deputy CEO. Michael Scott is also set to take the newly created role of Executive General Manager Brand and Marketing.
 
The company continues to expect net profit for FY16 to fall between $66 million and $72 million excluding the impact of implementation costs associated with New Myer.
 
Myer recorded a net profit of $59.67 million at 26 January 2016. 

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