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Three key takeaways from Aussie department store Myer’s full-year results

Australian department store chain Myer reported its strongest second-half profit in nearly 10 years on Thursday, bringing its total profit for the year to $60.2 million, a more than 100 per cent increase over FY21, when the multi-channel retailer was hampered by pandemic-related lockdowns.  Retail analysts congratulated the leadership team on Myer’s solid results, and return to paying dividends, on an investor call on Thursday, where Myer CEO John King discussed the results in more detail