Myer: moribund no more?

Decent Christmas trading certainly helped, but Myer’s interim result showed why new management makes such a big difference to a retailer.

Myer managing director Richard Umbers is nuts. Hazelnuts to be precise. The department store sold 420,000 personalised jars of hazelnut spread Nutella over the Christmas period. Presumably someone procured a jar of ‘Richard’ for him.


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