“In the other COGS bar, shrinkage has increased by nearly $11 million to $28 million for the year, and now sits at similar levels to FY '19. Shrinkage now stands at 1.2% of wholesale sales having been driven down to below 0.9% over the last 3 years. So obviously, we are reviewing what actions we can take to drive this back down”
the only thing that caught my eye is the increase in shrinkage cost. If Myer can drive shrinkage down again to more normal levels, then it can generate another $7Mln ish. Thieves, stop stealing from Myer stores please! (I’m sure some stock just goes missing whilst in transition)
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)