Myer H1 sales decline by 13.1 percent

Total sales at Myer for the first half period were down 13.1 percent to 1,398 million Australian dollars; reflecting store closures and reduced foot traffic throughout the period, particularly in the large CBD stores Melbourne, Sydney and Brisbane. The company said in a statement that comparable store sales were down 3.1 percent but up 6.3 percent excluding the six CBD stores. Comparable sales in Myer CBD stores were down by 32 percent. The company witnessed 71 percent growth in online sales to 287.6 million Australian dollars, representing 21 percent of total sales.