The October 2025 proposed relaunch of the MyerOne loyalty program and its extension to Apparel Brands stores such as Just Jeans is potentially exciting. See page 29 and other pages within 'customer loyalty'.
The mention on page 100 of some aspects of the Ravenhall, Victoria robotics National Distribution Centre not being fit for purpose is a low point. Not having any experience in that field, I don't understand all the terminology but it's obvious thus far that it's been a failure, with MYR having to rely upon Toll Group for some order fulfillment at peak times.
There's a lot of work gone into this Investor Day so let's hope the recently announced decline in Apparel Brand sales can turn into revenue and profit growth should interest rates continue to decrease. The latter is by no means certain as the RBA may be cautious, given the lack of productivity growth across the economy under the Federal Labor government and signs that wages growth may be about to take off, such as forthcoming Transport Workers Union strikes, Rampant wages growth fuels inflation.
MYR Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)