I too think this will be the case but certainly not for FY 2019, FY 2020 we should start to see the benefits flowing from a few years now of focusing on reducing lease costs and sales space.
Since the old doomsayers predictions of lease death of a thousand cuts several stores have been closed, floors of buildings handed back and sub leasing introduced.
Razor sharp focus on costs and now King coming in to consider the cost of not providing good service as part of that, that is something that IMO with the benefit of hindsight has been the big inhibitor of the business, a strong focus on costs has come from the last 2 CEO's but the impact of cost cutting on service from the looks has never really been considered properly/ effectively, King is a genuine retail man who gets this better than most hence why all of a sudden Solly stopped cranking the pressure, he just wanted to have a retail man in charge from the start.
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MYR
myer holdings limited
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60.0¢

I too think this will be the case but certainly not for FY 2019,...
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Last
60.0¢ |
Change
-0.015(2.44%) |
Mkt cap ! $1.036B |
Open | High | Low | Value | Volume |
62.5¢ | 62.5¢ | 60.0¢ | $16.61M | 27.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 2196860 | 60.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 39085 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 606444 | 0.600 |
2 | 350000 | 0.595 |
9 | 74852 | 0.590 |
8 | 70504 | 0.585 |
14 | 280162 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 36865 | 3 |
0.615 | 4793 | 1 |
0.620 | 7600 | 1 |
0.630 | 19717 | 3 |
0.635 | 73461 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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MYR (ASX) Chart |