Premier Investments Limited (ASX: PMV), led by Solomon Lew, has announced largely flat trading for the Christmas period, mirroring Myer’s recent performance. For the first half of FY25, the company forecasts global sales between $855 million and $865 million, with Australian sales remaining stable compared to the previous year. The company cited persistent cost-of-living pressures across all markets as a key challenge, driving customers to prioritize value. At the time of writing, Premier Investments’ shares were trading at $28.54, reflecting a significant decline of 13.62%.
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