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Myer treads water

  Bernie Brookes, Myer CEO, has forecast a lift in the performance of the department store group this financial year as more store development projects are completed and strategic initiatives gain traction. Despite this, investors and retail analysts are starting to question Myer’s five point strategic plan, with sales stalled and earnings under pressure as costs rise. While the strategic plan was endorsed in an external review by Bain & Co in 2013, Myer has been unable to sh

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