Tuesday, October 16, 2012

DISAPPEARING MYER STORES

As part of the recent  frantic NT election campaign, the ALP trumpeted that Myer would open a store at Darwin’s Casuarina Square shopping complex in 2016 with an associated beaut waterslide ( only kidding re the Olympic pool ). A Myer store is opening in Townsville this month . Air North may  need Jumbo jets to carry Darwinites to Townsville for the Myer sales . However, the Townsville Bulletin recently ran a story saying that consideration to close the Myer department store in Cairns on Sundays or reduce trading hours had yet to be made. It quoted Myer corporate affairs general manager Jo Lynch as saying two stores were closing in Western Australia and South Australia , with the possibility of two more. Myer chief executive officer Bernie Brookes said Townsville residents were eagerly awaiting the opening of what he termed its first full line department store . Actually there was a David Jones in that city many moons ago . Last financial year Myer posted a 12.7 per cent drop in net profit to $139.4 million . Sales fell by 1.3 per cent to $3.1 billion.