Sept 12 (Reuters) - Australia's biggest department store chain Myer Holdings Ltd MYR.AX on Wednesday posted its first ever annual loss since listing as it failed to win back customers amid heavy online competition.
The 118-year old retailer said net loss for the year ending July 28 came in at A$486 million ($345.84 million), compared with a profit of A$11.9 million last year.
Total sales for the year fell 3.2 percent to A$3.1 billion, the company said.
($1 = 1.4053 Australian dollars)