Sassy Myer bides its time

Myer boss Bernie Brookes is re-shaping the business for the longer term and while the retailer's latest results are weighed by the current consumer environment, there are reasons to be confident in the second half.

A slowing in the rate of Myer’s sales decline and the maintenance of its full-year earnings guidance suggests that it, at least, thinks the environment for retailers might be stabilising, albeit at a lower level.

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