Myer suffers $172.4MILLION losses as department store's sales take a massive ...

Myer suffers $172.4MILLION losses as department store's sales take a massive hit Myer made a statutory net loss after tax of $172.4million in year to July 25, 2020 The department store closed 60 outlets in March as COVID-19 pandemic struck  The retailer also stood down 10,000 staff and received $93million in JobKeeper Store closures described as 'one of toughest decisions' in firm's 120-year history 

By Stephen Johnson, Economics Reporter For Daily Mail Australia

Published: 02:09 BST, 10 September 2020 | Updated: 02:40 BST, 10 September 2020

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Myer has suffered a $172.4million loss as the coronavirus pandemic cripples the 120-year-old department store brand.

Total sales fell by almost 16 per cent in the year to July 25.

In March, Myer closed its 60 stores and stood down 10,000 staff.

The department store chain told the Australian Securities Exchange on

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