It's too long to post here, but 'The Australian' today has a lengthy article about department store chains MYR and David Jones, saying that they're engaged in a battle for relevance but some shoppers still see them as that.
Of direct relevance is this quote from MYR major holder Mr Solomon Lew of PMV:
“We have invested in it, haven’t we?” Lew told The Australian when asked recently if he believes in the long-term future of the department store model. “We are in the retail business – that is something we understand. We work with landlords, we work with supply chains and we understand that business (Myer). Obviously we think that in business longer-term there might be some opportunity..."
Ann: AGM - CEO Presentation, page-48
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81.0¢ |
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Mkt cap ! $673.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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