Myer Holdings Limited (ASX:MYR) has seen total sales slip 0.93 per cent in the third quarter.
The retailer recorded sales of $646.5 million in the 13 weeks to the end of April, the result came in below analyst’s forecasts.
CEO Bernie Brooks blames the marginal decline in total sales on the impact of the refurbishment of three of their top 20 stores, and the commencement of a refurbishment at the Macquarie store in February.
The company says impacts were offset by sales from the new store at Shellharbour and that online sales growth is strong.
Myer reported a net loss of $80.8 million in the six months to 25 of January.
