Umbers to turnaround Myer

Myer is mulling over a massive retreat on its five year store expansion program that was expected to generate to boost sales and market share and underpin long term profit growth. The ‘build it and they will come’ strategy of Bill Wavish and Bernie Brookes, the former Woolworths supermarket executives who took the helm at Myer, has not met any of the company’s targets. Despite adding new retail floorspace each year, Myer’s sales have shown no real growth and, in some reporting periods, h

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