Ann: Becoming a substantial holder from MUFG, page-77

I like your positive sentiment
I’m expecting online growth to be similar to David Jones at around 100%.
I think some categories would’ve hit 800% on peak days but the overall improvement across the board will be much lower
There will be a large drop in sales compared to last year but it will be offset by a lower cost of doing business with job keeper and rent waivers
David Jones sales in the last 9 weeks has been down around 8%. Myer should be fairly similar but I think the key point to upcoming releases is they can offset the reduced sales and maintain a strong cash flow