What Myer can learn from Nordstrom

Myer’s share price recently fell 16% following another lousy result, and is down 50% since reaching four dollars four years ago. In contrast, the share price of US retailer Nordstrom has doubled over the same period.Nordstrom has 270 stores located in 36 states across the US under three brands, Nordstrom, Nordstrom Rack, and Jeffrey. Nordstrom generally sells high-end brand name and private label fashion to kids and adults, similar to Myer.The companies have some other differences, but there’s no reason why Myer couldn’t move upscale if it wanted to so they are comparable. Management has preferred instead to leave David...

Myer’s share price recently fell 16% following another lousy result, and is down 50% since reaching four dollars four years ago. In contrast, the share price of US retailer Nordstrom has doubled over the same period.

Nordstrom has 270 stores located in 36 states across the US under three brands, Nordstrom, Nordstrom Rack, and Jeffrey. Nordstrom generally sells high-end brand name and private label fashion to kids and adults, similar to Myer.

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