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Myer warns federal election could hurt winter sales

AAP
AAP Source: AAP

Myer is concerned a winter federal election could dampen consumer spending and hurt its revenue during a key trading period.


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By Justin Park

Source: SBS



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Myer is concerned a winter federal election could dampen consumer spending and hurt its revenue during a key trading period.


Unseasonably warm weather and the federal election could dent Myer's sales and slow its turnaround.

Myer reaffirmed its full-year profit guidance on Thursday but chief executive Richard Umbers is worried the warm lead up to winter and July 2 election could hit sales during what is usually a busy trading season.

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