Management needs to come out with some sort of profit guidance as silence will only make things worse.
I accept things are very fluid so hard to put a number on how much profit will drop but I suspect significantly as lots of pay later users are workers living on the margin & these are the ones to loose their jobs first.
Myers yesterday at one store cut all shifts to casual staff & I was also told that profit form one store was 50% below budget on Monday.
Not a good time to be in retail or those 3rd party companies that rely on it.
APT Price at posting:
$12.76 Sentiment: None Disclosure: Not Held
