Myer v SFH: eerily comparable issues

Business and governance issues at Myer over recent times appear eerily comparable.

Another two below from AFR today.

1. Appointment of much needed new Board member with good retail experience

"Beleaguered department store chain Myer has appointed luxury fashion executive Julie Ann Morrison to its board to fill the gap left by the departure of chairman Paul McClintock."

2. Need to more agressively execute on strategy

Myer's largest private shareholder, Copulos Group managing director Stephen Copulos, declared Mr Hounsell needs to push harder with the chain's turnaround strategy by closing one-third of its stores and overhauling brands and e-commerce operations.


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