Myer lifts Q1 sales slightly

Retailer expects trading conditions to remain challenging in the year ahead, shares spike more than 3.5% in early trade.

Myer Holdings (MYR) expects trading conditions to remain challenging in the year ahead, but is confident of its position in the market after posting a slight lift in first-quarter sales.

Investors responded well to the news. At the 1015 AEDT official market open, Myer lifted 3.72% to $2.79, against a benchmark index decline of 0.35 per cent.

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