Online sales are the only highlight for Myer

Sales momentum is picking up, but the big issue with online sales is that global competition drives down profit margins. Bernie Brookes has his work cut out.

The star of Bernie Brookes’ underwhelming release today was online sales which appeared to contribute the bulk of the 0.7 per cent increase in comparable-store sales in the first quarter.

The online push underlines the arguments put by Australia Post boss Ahmed Fahour who says 90 per cent of his parcel traffic is generated from domestic accounts.


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