Any correlation between DJs and Myer. 90% of Myer sales are B&M so sales over several months will be down big time. Online growth will not save them , if unemployment stays high post CV due to recession then Myer earnings will not recover. Their store closures will increase.
AFR 6th April
"David Jones' South African parent has flagged a 20 per cent-plus drop in full year earnings as the COVID-19 crisis decimates sales in clothing stores in Australia, New Zealand and South Africa.In a trading update on Monday, Woolworths Holdings said earnings per share for the 52 weeks ending June 28 were expected to fall more than 20 per cent compared with the same period a year ago. "
News: MYR Myer Holdings Says Will Temporarily Close All Stores From Close Of Business On Sunday For..., page-74
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