Australia's Myer Holdings swings to annual loss, shares tumble

Core Viewpoint - Myer Holdings reported a loss for fiscal 2025 due to a one-off, non-cash impairment related to Myer Apparel Brands goodwill [1] Company Summary - Myer Holdings experienced a financial downturn, resulting in a loss for the fiscal year 2025 [1] - The loss was attributed to a specific impairment charge, indicating potential challenges in the valuation of its apparel brands [1] Industry Summary - The incident reflects broader challenges within the retail sector, particularly in the apparel segment, where goodwill impairments may signal underlying issues in brand performance and market conditions [1]