One retail 'expert' I read said the unsettled, damp to very wet weather being experienced along much of Australia's east coast should be good for retailers as fewer Australians will go to beaches, and more to shopping centres where they can be under cover (although travelling to and from can be a pain in the rain, as traffic slows or trains/buses are sometimes delayed).
With 80 per cent of MYR's sales at physical stores, on balance this should be of some help, especially in the 'better' suburbs of Sydney/Melbourne/Brisbane/Gold Coast. The opposing negative is high interest rates affecting some Australians, along with how inflation has meant price rises so some shoppers instinctively curb spending.
Interesting that MYR is calling its Boxing Day sale a 'Stocktake Sale'.
The website has plenty of variation in the various offers. For instance, It says 'extra 10 per cent off' Sheridan, this being the time of year when items like bed linen are replaced by many.
MYR Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
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