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Changing of the guard

Financial analysts are expecting Myer to announce a three per cent lift in sales but a sharp drop in earnings for the first half of the 2015 financial year. The announcement that Bernie Brookes has stepped down from his position as CEO of Myer ahead of the release of first half results on March 19 suggests the trading outcome will be less flattering than expected. Analysts are predicating their forecast on David Jones’ recent performance, but retail sales data for the industry released to date

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