Department store falters after Middle East war impacts

Myer shrugs off biggest loss in nearly a decade with staggering claim

Myer is sticking to its transformation plan despite posting a fiscal 2026 statutory net loss of $276.5million.

House price crash could keep Myer in a sea of red ink

The retail carnage is happening before the high street recession has really started. But more rate increases and further house price falls will add even more pressure.

Department store falters after Middle East war impacts

Myer, which owns 56 stores across the country, has blamed its disappointing annual results on ongoing cost-of-living pressures weighing on consumer sentiment.

Myer sinks to massive loss as shoppers tighten belts

Three rounds of interest rate rises from the Reserve Bank, coupled with a petrol crisis fuelled by the Middle East war and a warmer than average start to winter, has driven losses at Myer deeper into the red.

Myer posts $276m annual loss on 'weak' consumer spending, ASX gains

Department store chain Myer reports a full-year loss of $276 million amid a "material downturn" in consumer sentiment. The ASX rises on opening. Follow the day's events and insights from our business reporters on the ABC News live markets blog.