Retail in Asia

In Trends

Myer can beat rivals online, its CEO sales

The head of department store chain Myer Holdings says the company can beat its online retail rivals by offering the best of worlds.

With Australian shoppers increasingly buying online and taking advantage of the strong Aussie dollar, retailers are suffering a slump.

Both Myer and David Jones have posted weaker quarterly earnings in the last week, with potential customers also weighed down by cost of living pressures and worries about the global economy.