Interestingly, the MYR website has had pretty much a consistent rise in visitation during the last three months as measured by Alexa, but major competitors KGN (ranked #64), TPW (#171) have only just begun to climb again after a period of decline. That's surprising, as one would think from the free publicity and their paid social media advertising that both were continually becoming more popular.
WES' Catch is similar to MYR is fairly much continually moving up the website popularity chart and in Oz is ranked #66, though it had a slight decline between about 13 October and 6 November 2021.
We need to see overall performance (physical stores plus online, minus corporate overheads) but if the MYR site continues to gain ground, ergo one would think the value of the company should rise. How one quantifies this is a skill I lack as a generalist, and MYR has other challenges such as the need to reduce more physical tore footprint.
It'd be terrific if MYR has been so underestimated by these online-only sites yet turns out to be the 'stayer' that against media previously calling 'the end' for department stores, slowly crept up and become a reasonably nifty online purveyor.
MYR Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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