Myer in for patchy retail environment, Brookes says
18 Mar '11
3 min read
Outlook
Commenting on the outlook for financial year 2011, Bernie Brookes, Chief Executive Officer said:
“Despite the ongoing challenging retail environment our strategy remains unchanged.
“Sales have improved since January but are still behind last year. In the second half of 2011 we anticipate trading conditions will continue to be challenging and we continue to expect NPAT for FY2011 to be up to 5 percent below last year's NPAT of $169 million.
“Myer is very well placed to benefit from any increase in consumer confidence and discretionary spend when retail trading conditions improve,” said Mr Brookes.
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