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Article: AUSTRALIAN RETAILER MYER UPS Q1 SALES 5.2%, AFFIRMS ANNUAL GUIDANCE.
- Article from:
- AsiaPulse News
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 5 Asia Pulse - Australian retailer Myer Holdings Ltd (ASX:MYR) has increased its first quarter sales by 5.2 per cent, reaffirmed its annual guidance and says it's going into the Christmas trading period in good shape.
The department store group said total sales for the three months to October 24 rose to A$717.1 million (US$654.0 million) from the previous corresponding period, building on growth of 3.1 per cent in the fourth quarter of fiscal 2009.
Like-for-like sales were up 2.9 per cent for the first quarter of fiscal 2010.
After including sales from the refurbished stores in central Sydney, Castle Hill in Sydney's north west and ...