These are the results more usually associated with the technology sector - not a retailer selling frocks,pyjamas and kids'stationery.
The fashion retailer said earnings surged amid a huge uptick in online sales during the pandemic,sending its shares to a record high.
Jeff Kennett says JobKeeper was overly generous and led to"enormous wastage"while Labor wants an inquiry into which recipients paid executive bonuses.
Major fashion retailer Premier Investments has been delivered a rare'first strike'after shareholders protested the company's decision to issue bonuses while receiving JobKeeper.
Only hours before Myer's virtual annual meeting was set to begin,chairman Garry Hounsell had no choice but to be counted as a no-show.
The only director up for re-election at Myer's annual general meeting is chairman Garry Hounsell and if he is felled the rest of the board could unravel very quickly.
The embattled chairman of Myer Garry Hounsell may escape a protest vote against his re-election after major governance firms revealed they would back the director.
The chief executives of some of Australia's largest retailers have praised the government's budget for its job-making measures and income tax cuts.
If Myer’s Christmas is a disappointment,an EGM is all but inevitable,and with it calls for a board spill and an overhaul of management.
Solomon Lew may look to garner support from minority Myer shareholders to topple the department store's management after formally requesting its shareholder register on Friday.
Billionaire Solomon Lew has blasted efforts by Myer's management to restructure its board,saying the department store chain is headed for administration.