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Myer Holdings Limited (ASX:MYR) has reported a rise in first quarter sales and notes trading gathering momentum over the period.
The department store retailer increased total sales 0.1 per cent to $691.6 million while comparable same-store sales rose 0.7 per cent.
CEO Bernie Brookes says the result was aided by major store refurbishments and the opening of a new store in Mount Gravatt, Queensland.
Mr Brookes also believes the business is well positioned to make the most of the busiest time of the year during Christmas and the stocktake sale.
Myer reported a net profit of $98.54 million in the full 2014 financial year.
News: Myer Holdings Q1 sales grow 0.1%
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