Myer plunges to $486m loss but debt refinanced and covenants eased – The Australian Financial Review
New Myer chief executive John King hopes to reverse a long-term slide in earnings as early as this year by cutting back on discounting, closing clearance floors, stocking more exclusive brands and shrinking stores while improving customer service. Unveiling his long awaited turnaround plan, Mr King said his focus was on improving Myer’s bottom line…