MYR myer holdings limited

'SMH' has a lengthy article By Matt Wade on shoppers in Greater...

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    'SMH' has a lengthy article By Matt Wade on shoppers in Greater Sydney's tracked spending patterns in the week after lockdown was lifted.

    While it's the ongoing pattern that matters - there may be a degree of untypical 'exuberance' in the first week - it's encouraging for MYR:

    "...Purchases at department stores jumped nearly 80 per cent in “freedom week” compared with the lockdown average, even though those outlets have online options. The increase shows many consumers still want an in-store experience, although store spending was down 13 per cent on the pre-lockdown norm..."

    One question is 'how much in sales has MYR lost forever due to the weeks of lockdown in Greater Sydney and the ongoing sixth lockdown in Greater Melbourne?'
    Last edited by Hopeful9: 25/10/21
 
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