The Latest Breaking News from Myer

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Department store chain Myer has declared its best start to a financial year as it continues its post-lockdown sales momentum.

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After a rocky few years, Myer says its balance sheet is now "rock solid" and the department store retailer will pay its first final dividend in five years.

Myer has posted its highest second-half profit in almost a decade after shoppers rushed back to the shops following lockdowns. 

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A man convicted of manslaughter over the home invasion shooting murder of a teenager in Western Sydney more than a decade ago held up two Lake Macquarie stores in a week in 2020, including using an axe to terrify staff at a Toronto supermarket.

Myer has paid its first dividend in four years and its shares were rocketing after full-year earnings showed sales improving at the department store chain.

Myer is moving ahead with plans to shrink its business, on Friday announcing it will close a longstanding store in Blacktown, Sydney.