Thanks for your opinion Lakota now go buy Amazon at 1000$ a...

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Bull#1

195 Posts.

31/05/17

17:21

Post #: 25022613
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Originally posted by lakota6 ↑

Shopping centers are under pressure in US , and I imagine Aust will follow.
"About a quarter of US malls will likely close within the next five years, according to a new prediction from Credit Suisse.
In a research note published overnight, the bank estimated that between 20% and 25% of the nation's 1,100 shopping malls - or roughly 220 to 275 shopping centres - will shut down by 2022.
Credit Suisse cited mass store closures, the rise of ecommerce, and the growing popularity of off-price chains - which tend to be located outside of shopping malls - as reasons for the potential mall closures.
About 3,600 store closures have been announced so far this year.
Credit Suisse estimates that about 8,640 store closures will ultimately close by December.
The firm also estimates that ecommerce will grow from 17% of apparel sales today to 37% of apparel sales by 2030..
This is Myer's problem going foward.

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Thanks for your opinion Lakota now go buy Amazon at 1000$ a share and then let me know how rich you get.

Sorry people will always want to grab a coffee, socialise, and go shopping.Its something to do and it's fun. For convenience some people will shop online. But retail stores will always be around. Does it deserve an 86 cent share price at the moment? In my opinion. No.

MYR Price at posting: 86.5¢ Sentiment: Buy Disclosure: Held
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