Aussie department store owner Myer's profit slumps amid distribution woes, tough economy
18/03/2025 21:46
March 19 (Reuters) - Australian department store Myer MYR.AX on Wednesday reported a drop in half-year earnings, citing operational issues at its National Distribution Centre and a challenging macro-economic environment. The retailer posted first-half net profit after tax of A$42.4 million ($26.97 million), a 18.5% decrease from the previous year. ($1 = 1.5718 Australian dollars) (Reporting by Rishav Chatterjee in Bengaluru; Editing by Vijay Kishore) ((Rishav.Chatterjee@thomsonreuters.com;))
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