Myer

Plenty of... stock on the shelves, but no one's shopping and very few staff around.

Myer's issue is essentially, and it's been a very slow, awful demise over about 20 or 30 years.

You and I are old enough to remember the heyday of the department stores.

Yes.

So yeah, there's just no one on the roads Grand Final day.

It, it's funny you say that because I used to work at Myer in Geelong, and I'd work in the, the TV department, and I reckon it would've been Grand Final 2003.

Just no customers.

Absolutely dead.

The share's currently trading around $1.97.

Elsewhere, we had Myer, MYR.

That stock's trading down.

They posted a full year net loss of $276 million to July, 2026.

it's a good question i think it's kind of both and it's important to um not conflate the two so the the headline 270 odd million dollar loss looks like spectacularly spectacularly bad um but i think a large chunk of that it might have been about 250 i don't recall the exact numbers of that relates to impairments so that statutory loss of say 270 billion of deterioration in the online consumer business is not the entire story.

So there are clearly specific idiosyncratic issues related to Myer.

There's that whole kind of integration of the apparel brands business, execution around merchandising, the amount of discounting that's being required to generate sales.

And you see that from everything from going into a Calvin Klein store to broader, previously higher scale brands.

it's a good question i think it's kind of both and it's important to um not conflate the two so the the headline 270 odd million dollar loss looks like spectacularly spectacularly bad um but i think a large chunk of that it might have been about 250 i don't recall the exact numbers of that relates to impairments so that statutory loss of say 270 billion of deterioration in the online consumer business is not the entire story.

So there are clearly specific idiosyncratic issues related to Myer.

There's that whole kind of integration of the apparel brands business, execution around merchandising, the amount of discounting that's being required to generate sales.

And you see that from everything from going into a Calvin Klein store to broader, previously higher scale brands.

South Australian Premier Peter Malinauskas announced the unprecedented reward on Wednesday, declaring the state government and police would spare no expense in the search for answers about what happened to that little boy on the rural property in South Australia.

Myer boss Olivia Worth warns trading conditions and consumer behavior will remain volatile for the next 12 months as rising interest rates, a fuel crisis, and tumbling property market values make shoppers nervous.

The department store giant on Wednesday reported a worsening full-year loss of $276.5 million in the year to July '25.

It's the store's second-worst financial year in 126 years of trading.