Two of Australia’s most prominent retailers performed extremely well on Tuesday’s stock market.
Shares in the department store Myer went up 14.2 per cent, even though the company’s first-half sales were down three per cent to $1.83 billion.
The share price of furniture retailer Nick Scali also skyrocketed by 16.57 per cent.
Despite the retailer’s first-half profit falling, its shares hit a 52-week high.
Nick Scali’s January sales orders were reported to be 3.6 per cent higher.