Myer: We're Strong on Appliances, Electronics "Challenged"

Written by Oonagh Reidy     23/05/2013 | 09:08 | Category: INDUSTRY

Exclusive: OZ biggest department store is still dishing out the appliances.

Myer: We're Strong on Appliances, Electronics


Myer is still going strong on the appliance front, despite yesterday's results which indicated its 'key' categories were menswear, womenswear and cosmetics. 

But consumers are not getting their entertainment fix at Myer, which a spokesperson blamed on the absence of a new Apple product, and price deflation in TVs. 

However, customers are buying trendy lifestyle items like coffee machines and kitchen appliances which are getting more smart by the day. (Samsung are soon to launch Wi-Fi enabled appliances). 




"Our appliances category continued to perform strongly, particularly coffee machines and kitchen appliances, where fashion meets technology," a Myer spokesperson told CN. 

"The overall entertainment category (including electrical) was challenged due to no new Apple product launch, cycling exit of music and DVDs, deflation in TVs."

The department store yesterday reported a 0.5% sales rise in Q3 (to April 27) to $652.5 million compared to same quarter 2012, although remains cautious about the future outlook for retail. 

The best performing states were Victoria, Queensland and New South Wales. 

Breaking News

  • Microsoft's Revenues Neutered By Nokia

    Microsoft's Revenues Neutered By Nokia
    Microsoft has taken a massive US $700M hit on operating profits due in part to its $7B acquisition of Nokia, this may explain why Microsoft will soon sack 18,000 staff.

  • Dolby Atmos Now In Denon Products

    Dolby Atmos Now In Denon Products
    Denon has launched two new X Series Network AV Receivers enhanced with Dolby Atmos for the ultimate cinema-quality sound in your own home theatre.