Australia’s Myer says H1 sales down 3.8 percent

MELBOURNE, Jan 21 (Reuters) – Myer Ltd, Australia’s largest
department store chain, said on Wednesday first-half sales were
down 3.8 percent and it expected tough conditions to remain.
Myer, owned by private equity firm TPG [TPG.UL], said earnings
before interest and tax were expected to increase between 1
percent and 6 percent in the first half of the 2009 financial
year.

Leave a Reply