Myer Holdings Ltd (ASX: MYR) is Australia?s largest full line department store group and one of Australia?s most iconic companies. It has a very strong brand and over 5 million MYER ONE cards are still in circulation.
Nevertheless, the company is in major trouble. Sales have stagnated for five years and the company?s net profit has decreased by 50% in the last five years. Myer has been slow to adapt to the changing consumer environment and a flood of competition has meant that their business model no longer works as they lack operating leverage.
Operating leverage is crucial to a
Myer Holdings Ltd (ASX: MYR) is Australias largest full line department store group and one of Australias most iconic companies. It has a very strong…
Read the full article at: https://www.fool.com.au/2018/01/28/why-i-would-never-invest-in-myer-holdings-ltd-shares/