Department store Myer is banking on a solid Christmas.
Myer has reported a flat first quarter sales result, but is ready to take advantage of the busy Christmas period.
Total sales were up 0.1 per cent to $691.6 million for the 13 weeks to October 25, compared to a year ago.
Comparable sales, which exclude the impact of store openings, refurbishments and the like, were up just 0.7 per cent.
Myer CEO Bernie Brookes said group sales were gaining momentum following a number of recent shop refurbishments.
“We believe the business is well-positioned to make the most of the busiest time of the year during Christmas and the stocktake sale,” he said.