
Myer shares dive after profit wipe-out
Shares in Myer have fallen by more than six per cent after the department store chain wrote off its stake in struggling Topshop and lowered its full-year profit outlook.
Shares in Myer have fallen by more than six per cent after the department store chain wrote off its stake in struggling Topshop and lowered its full-year profit outlook.
Some of Topshop’s Australian stores could close after the company operating them was placed in voluntary administration.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.