Annual Report 2012 67 Stores in Prime Locations
ANNUAL REPORT 2012 67 STORES IN PRIME LOCATIONS FIRST CHOICE for fashion, cosmetics and the home CONTENTS About Myer • 02 2012 Financial Results • 04 From the Chairman • 06 From the CEO • 08 Review of Operations • 10 Sustainability • 18 Board of Directors • 22 Management Team • 24 Corporate Governance Statement • 26 Directors’ Report • 39 Remuneration Report • 44 Financial Report • 60 Auditor’s Report • 112 Shareholder Information • 115 Corporate Directory Inside back cover MYER A MYER NN U AL R EPORT 2012 EPORT Annual General Meeting The 2012 Annual General Meeting of Myer Holdings Limited will be held at Mural Hall, Level 6, Myer Melbourne, / Bourke Street Mall, Melbourne, Victoria on Friday, 7 December 2012 at 11am. 01 Myer Holdings Limited ABN 14 119 085 602 Our vertically-integrated Myer Exclusive Brand model ABOUT MYER of managing the design, development and sourcing of wanted brands provides us with significant control and flexibility. This model, together with our two sourcing Myer is Australia’s largest department store offices in Asia, our world-class supply chain, and group, synonymous with style and fashion updated IT and merchandise systems, delivers speed to market, and effective inventory control, and gives us a for over 100 years. key competitive advantage. We also seek to acquire wanted brands where it makes commercial sense and where the addition of the brand Our focus on providing inspiration to everyone includes will further strengthen our merchandise offer. our customers, our 12,500 team members, our 54,000 shareholders, our 1,200 suppliers globally and the many Improve customer service and efficiency communities that we engage with our strong brand.
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