Myer Holdings share price in spotlight amid FY26 sales rise

Hard sell for retail giant as consumers tighten belts

Households are clamping down on spending even more as financial uncertainty deepens, hitting sales at a leading Australian retailer.

Dire consumer sentiment curbs sales at struggling Myer

Myer boss Olivia Wirth says the department chain saw a ‘material downturn in consumer sentiment’ at the end of the financial year that has carried over into July.

Myer warns of ‘volatile’ and ‘challenging’ conditions, flat sales

The department store chain said on Monday that it had put in place more promotions and discounting than expected, but pressure on family budgets was worrying.

Myer Sales Top $4 Billion But Heavy Discounting Eats Into Margins As Shoppers Retreat – channelnews

Department store group Myer has posted total sales of $4,089 million for the year to July 2026, up 11.3% on an actual basis, but has warned that a wave of promotional activity needed to drag shoppers through the doors is eroding margins across the retail sector. On a pro forma basis, which accounts for the integration of the former Premier Investments apparel brands, total sales rose just 0.3%, with group comparable sales up 0.7%, as a sharp dow…

Myer Holdings share price in spotlight amid FY26 sales rise

The department store operator has released its preliminary results this morning. The post Myer Holdings share price in spotlight amid FY26 sales rise appeared first on The Motley Fool Australia.

Myer blames cost-of-living pressures for sharp drop in consumer spending

Myer says Australian shoppers have cut back discretionary spending amid higher fuel prices, interest rate rises and a weaker housing market, sending its shares to a four-year low. The post Myer blames cost-of-living pressures for sharp drop in consumer spending appeared first on SmartCompany.