I buy clothes made to measure online for cheaper and higher quality than Myer sells them for off the rack. Myer don't even stock business shirts in my size, and I am a normal size.
Myer will not grow again until they remove $100m of admin expenses and reduce their inventory from 4months to 4 weeks.
Their profit margin is way too low (they have >$1b sales) and their inventory risks are far too high.
MYR Price at posting:
64.5¢ Sentiment: Sell Disclosure: Not Held
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