Region. Myer stores get modest sales boost

Myer stores in mortgage-belt cities such as Parramatta, Penrith and Blacktown received only a modest short-term boost in sales from the Rudd government’s $10.4 billion stimulus package last year, according to Myer CEO, Bernie Brookes, in The Australian Financial Review. “They did benefit from the stimulus package for the first two weeks after the cheques arrived but not sine then, and there was no impact in our CBD stores or stores with higher-earning consumers,” he said. Mr Brookes said sales could be difficult for 12 months.