Feeds

Myer breaks ranks on 'net retailing

The internet didn’t eat our homework

Beginner's guide to SSL certificates

Australian retailer Myer has broken ranks with other major retailers like Gerry Harvey and Solomon Lew by saying that internet shopping isn’t slaughtering its sales.

Issuing an earnings guidance statement to the Australian Stock Exchange, Myer said sales for the first half of 2011 were down 3.54 per cent on the previous period and 5.19 per cent on the corresponding period in financial year 2010.

However, in spite of its membership of a retail coalition lobbying to have GST exemptions on internet purchases less than $1,000 ended, the retailer did not attribute its performance on the internet.

Myer boss Bernie Brooks said that internet retail represents less than 2 per cent of total retail in Australia. Rather, he has said heavy Christmas discounting, along with stores being closed by floods in two states (Queensland and Victoria), and an interest rate rise in November had all combined to depress consumer spending. “I’ve never seen the consumer so fragile,” Brooks said. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.