Interestingly, this transition has been happening for some time and recently Myer has said: the company will also focus on bringing its employees back to full time service and continue to invest in its online platform and supply chain (my emphasis). The "streamlining" of Myer's operations including cost cutting (cutting 90 staff at head office, negotiations with landlords as to rent, store closures) and development of its online platform can't be a coincidence?
MYR Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
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