Myer and Nick Scali share prices skyrocket

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.