Chanticleer
The department store hit its stride right as its customers were starting to feel the pinch. That’s been good for consumers wanting bargains but bad for shareholders.
One good half in a row for Myer!
It was only six months ago that the department store soared back to profitability, recording a $65 million profit in its strongest start to a financial year in nearly a decade and even treating shareholders to a special dividend.
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Original URL: https://www.afr.com/chanticleer/myer-s-sales-strength-is-great-for-consumers-but-bad-for-investors-20230808-p5dur1
