Fresh from the recent news that Myer has delivered another quarter sales loss, this time close to 5% compared to last year, one of Myer’s largest shareholders, Solomon Lew has renewed his attack on the Myer board. Lew has been campaigning for some time for the removal of the entire board and this will come to a head at next week’s AGM.
Could this also spell the end of this iconic retailer which has been losing sales for some time now and showing no signs of revival, despite yet another new CEO being recently appointed?
Chris Ilsley from 6PR has an in-depth discussion on Myer’s woes with Roger and asks for Roger’s recommendations on what Myer can do to improve its sales performance.
