Christmas spikes may not save the current business model.
I don't know anyone, encompassing all age groups, who have bought anything from Myers over the last few years.
I've been looking ever since she fell under a $1 - the new plan has failed and the debt will need to be covered at some point if the sales slide deteriorates further.
The T/A proves this - it's hellish.
In the 80s/90s I was a keen shopper at Myer/DJs and still have some pretty cool furniture to prove it but time has passed and the world has changed and coupled with a sluggish economy, Amazon etc ... it's also simply not fashionable to shop at Myers unless your an Office Johnny in search of a quick suit.
Luck to the Bulls but like an Oil Tanker, it's going to take some times for this to turn around IMO.
It is liquid though so trades are possible.
MYR Price at posting:
61.5¢ Sentiment: Sell Disclosure: Not Held
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