Myer Holdings Ltd (ASX:MYR) has recorded a slight decline in full-year profit, as a lack of consumer confidence weighed on the retail space

Myer Holdings Ltd (ASX:MYR) has recorded a slight decline in full-year profit, as a lack of consumer confidence weighed on the retail space. In the 52 weeks to July 27, Myer posted a net profit of $127.21 million, an 8.7% decline on the previous year's $139.37 million result. In the same period total sales revenue was $3.145 billion, a 0.8% increase on the $3.119 billion recorded in the previous year. The group will pay a fully-franked final dividend of 8c.