Myer returns to profit growth as turnaround efforts continue

For its first half period to January 26, 2019, Australian department store operator Myer said total sales were down 2.8 percent to 1,671.4 million Australian dollars (1,175 million dollars); while comparable store sales declined 2.3 percent. However, Myer posted net profit of 38.4 million Australian dollars (27 million dollars) compared to loss of 476.2 million Australian dollars for the same period a year earlier.