Cripes that's a lot of shorts. Aftermarket news today that part-Myer owned Topshop Australia going bust won't help sentiment too. Probably going into the 80's in the short term if I had to guess.
However, I'm still a holder because many will still prefer to see clothes in person and try them on before buying, so the Amazon threat is probably overblown, imo. Still looks cheap on several metrics. And Solly Lew isn't known for making bad investments in the apparel industry - and he paid 30% more for his shares than what they are today!
Cripes that's a lot of shorts. Aftermarket news today that...
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