Myer set for profit fall as Sass & Bide, Marcs underperform

Myer Holdings (ASX: MYR) is bracing for a drop in full year net profit of up to 30 per cent in FY24, driven partly by the loss of two flagship stores and the underperformance of its Sass & Bide, Marcs and David Lawrence brands.

The department store group is expecting to post net profit after tax…