MYR 0.61% 83.0¢ myer holdings limited

Yeah, it's been a slightly [pleasantly] surprising rise. I'd...

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  1. 1,041 Posts.
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    Yeah, it's been a slightly [pleasantly] surprising rise.

    I'd assumed it was either 1) global investors looking for discretionary retailers after Target (NYSE) earnings/outlook surprised, or 2) expectations of an improving retail environment if/when rates come down a bit.

    You might be on to something with the logistics centre though. I just assumed it was up and running, but don't think I've ever seen that confirmed. Assuming it's as good as they've anticipated it should bring some cost/inventory improves pretty quickly.
 
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