Myer Holdings
(ASX:MYR) announced its Deputy CEO will leave the group, while it also expects that on the back of tough retail trade, its FY2017 NPAT (pre impairments and significant items) will now be over $69.3 million.
The retailer says despite mitigating against the volatile and challenging trading conditions, it saw the most weakness in trade over July.
Despite that, the company says its EBITDA growth should exceed sales growth in FY2017.
Myer also expects FY2017 impairment costs (pre-tax) will be between $18 to $20 million.
Shares in Myer Holdings
(ASX:MYR) are trading 4.91% lower to $0.77.
