Myer reveals flagship store closures dent company’s sales – NEWS.com.au

Myer has blamed reduced foot traffic and the closure of flagship stores during the coronavirus pandemic for its sales slump. The national department store retailer has booked a net profit after tax of $42.9m for the first six months of the financial year, an 8.4 per cent rise on the previous corresponding period.
However, mandated store closures primarily from Victoria’s second lockdown have dented sales, with the company saying CBD store sales over the period were down by 32 per cent.
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