Similar case with QAN (Qantas) back in 2014 - their shares fell down to $1. first step that management took an action: cut down a lot of their staffs to save their operating cost
They should focus more on online sales as per below article.
In May, Myer recorded a 49.4% increase in online sales across the quarter as part of its Q3 FY2018 financial report, signifying a move to a more digitally focused business. Online sales for the quarter reached $35.9 million with online sales for the year to date announced at $141.1 million, up 49% for the year.
Hope with new strategies, it will lead to recovery road and put business back on track
MYR Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
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