Myer latest Australia retailer to cut forecast;shares hit

Sun Feb 6, 2011 11:00pm EST


* Myer says 2011 profit could fall as much as 5 pct; H2
challenging

* "Significant" and "rapid" fall in Myer's key January sales * Myer shares tumble 12 percent * Australian Q4 retail sales down 0.3 pct,
inflation-adjusted

(Adds investor comment, retail sales) By Miranda Maxwell MELBOURNE, Feb 7 (Reuters) - Myer Holdings ,
Australia's largest department store, joined a growing list of
local retailers in warning profits will

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