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How Australian department store Myer plans to reach $1bn in online sales

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future.  “Online is now a $500-million-plus business. We’ve done this faster than we expected,” King said on a call about the retailer’s full-year results on Thursday. Myer reported $539.5 million in online sales in FY21, a 28 per cent increase year on year, making the Melbourne-based busine