MYR cap raise, page-3

Myer retail stores closed till 27 Apr 2020 , Im guessing a test rollout opening of several stores in May with much less staff. Meantime online sales are booming.

"Myer has joined a long list of retailers closing stores and standing down staff in the face of the public health measures being implemented to contain COVID-19 in Australia.

On Friday evening, the department store announced the temporary closure of all Myer stores from close of business on Sunday, March 29, for an initial period of four weeks until April 27."

https://www.news.com.au/lifestyle/home/life-in-lockdown-what-people-are-buying-from-myer-big-w-during-covid19-isolation/news-story/e44597e4ea5609d966f50979222f982b

Myer closed its retail stores last month in response to the coronavirus pandemic, however, sales through its website have been booming.

Just in the last week beauty purchases from Myer were up 400 per cent, while homewares and entertainment sales are up 390 per cent compared to this time last year.

Australians are also making every effort to be as comfy as possible at home, with Myer sleepwear purchases up a staggering 1100 per cent.

“Demand for various items has shifted and changed over the past few weeks on myer.com.au, at the moment beauty, homewares and appliances are some of the most sought-after items," Myer's chief customer officer Geoff Ikin said.

“With many working from home, there has also been significant growth in the home decorator category, with items such as candles, soft furnishings, frames, faux flowers and lighting being very popular. In apparel, we are seeing an increase in purchases of underwear and activewear, as well as sleepwear.”