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    Why some of Australia's most iconic stores are in trouble | The Business | ABC NEWS

    ABC News (Australia)
    September 23, 2026
    via ABC News (Australia)

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    Why some of Australia's most iconic stores are in trouble | The Business | ABC NEWS

    Myer has recorded its second worst annual results in almost 126 years. Attempts to lure shoppers with discounts were not enough to offset the pullback in consumer spending. Myer dived to a loss of $276.5 million for the year to July 25, pulled down by impairments and other one-o

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