MYR myer holdings limited

While we don't want to get off topic, WES' Catch is not...

  1. 11,138 Posts.
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    While we don't want to get off topic, WES' Catch is not performing well (from 'Business News Australia'):

    "...The business acquired by Wesfarmers for $230 million in 2019 is due for an earnings before tax (EBT) loss of $43-45 million for the six months to 31 December 2021, which is only $1 million shy of its losses for the entire FY21 calendar year.

    Those FY21 losses were also amplified by two years of amortisation costs worth $21 million, or almost 2.2 per cent of the $973 million transactions processed and 4 per cent of its $528 million in revenue..."

    In contrast re online sales at MYR, I've never had a problem with it honouring sale prices or the items arriving as advertised and in the expected new/good condition. Sometimes the goods have taken a while to come - one pre-Christmas delivery took 10-12 working days - but given my recent 'next day' delivery with StarTrack (an Oz Post subsidiary) of a hamper from Hampers with Bite, a PTL subsidiary that has great quality hampers (disclosure: I hold PTL), such delays for MYR orders may have moderated in January 2022.

    Based on my sample of more than half a dozen deliveries of widely varying goods (including some ordered direct from MyPlaza, an importer whose products feature on the MYR online site), we can buy with confidence from MYR. Like all companies it will receive complaints online at sites such as Google and Product Review but the compliments (often shoppers who don't say anything online) vastly outnumber the dissatisfied.

    I've also had a good experience using Click'N'Collect at MYR Melbourne - something WES" Catch may not offer.
    Last edited by Hopeful9: 21/01/22
 
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63.5¢
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Mkt cap ! $1.097B
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64.0¢ 64.5¢ 62.5¢ $3.021M 4.749M

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