If Myer recover like I expect they will in time, Then we could see some change in trend.
Its fallen from above $1 to below 50c, It cant fall another 50c.
It can gain 50c or $1, even though most believe it wont.
People kick sand in the Face of Myer like its a Chump.
But the fact is that Myer has 3 Billion or greater of sales at the till, 3 Billion per year.
Online footprint is growing at 50%pa and has potential to grow alot more online considering its a department store and not just an Electrical retailer.
Its been ran by Muppets, noone disagrees with that. The Online is clunky, the stores have bad stock, bad service,
Pretty much everything is bad,
The new CEO, whoever that is only needs to come in and make things OK, dosnt need to make amazing changes, just plug holes and create more sales interaction, by getting the number, facebook, mail address of people that shop there and send them promos.
Myer could get its total sales over 3.5 Billion and net profit margin to over 5% of revenue within 4 years if it modernised.
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