Myer's full-year profit slips

Retailer flags challenging year ahead on weaker economic outlook, consumer confidence, takes full ownership of sass bide.

Myer Holdings (MYR) recorded a slight decline in full-year profit, as a lack of consumer confidence weighed on the retail space.

In the 52 weeks to July 27, Myer posted a net profit of $127.21 million, an 8.7% decline on the previous year's $139.37 million but in line with consensus analyst forecasts.


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